A Trade A Day

Here’s my social security fast action fix for you. Dump it.

Income redistribution. However you want to dress it up, makes me want to vomit.

Social Security doesn’t work for retirement anymore. I don’t know of anyone that is depending on social security as part of their retirement plan. And if I don’t know it than it doesn’t exist!(I’m being sarcastic).

I’m not completely heartless, there would need to be a cutoff. An age that would give people enough time to adjust their retirement plans accordingly. Some age that would be negotiated. Not because it makes sense mathematically of course, but because it’s politically expedient This certainly would not be fair to those of us paying taxes who would never see any benefits, but it’s not fair to pull the rug out from those who are too close to retirement to make changes.

I’d just be happy to see those social security taxes go bye bye. I’m never going to benefit from them. And if I’m not going to benefit it needs to be gotten rid of or changed. (There I go with the sarcasm again) I could definitely use the extra income. Maybe pump it back into the economy with a new theme or blog contest!

Social Security just has too many hands in the pot. Not just retirement benefits. Don’t get me started on disability payments. I know too many people who are milking the disability system. I live in an area that has been economically depressed for 50 years. Aside from the high taxes, I would imagine part of the problem is would-be employees who are too lazy to work. So businesses look elsewhere. They get a “kink” in their neck and it’s onto the disability gravy train. Where I live, I can’t throw a rock without hitting someone who is getting disability. They’re not disabled, they’re lazy. They still have enough energy to cash their check though.

Social Welfare/Insurance sounds nice and in theory it is. But It doesn’t work. The product of social welfare is an attitude of laziness and entitlement where people disregard hard work and planning.(not sarcasm this time).

My Grandfather, the one who loaned me my first trading stake was a janitor and farmer all his life. He was a product of the Great Depression. I won’t bore you with the stories, but he started out as an indebted farmer, living in a converted one-room-schoolhouse and became a millionaire.

How did he do it? He never had a sense of entitlement. He didn’t count on the government for anything. He worked really hard and was a meticulous planner. If I did hope, it would to be as industrious as he was.

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