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Re: It's Official - Babyboomers Start Collecting Social Security
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Originally Posted by goober
You aren't making sense, when will entitlements be equal to the entire GDP?
Face the facts, Social Security is an immensely popular program that is an unquestionable success. True, there are ideological reasons to oppose it, but that only brings the validity of the ideology into question.
When Thomas Paine proposed an inheritance tax to fund a 10 pound a year payment to every citizen over the age of 50, it was a pretty radical idea. But in the centuries since then we've seen that public pensions work.
And while there was a movement to privatize public pension plans a few decades ago, the experience in those countries that succumbed to this ideological excess has only reinforced the fact that the US Social Security system is the most successful pension plan in the world.
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But you are addressing the ideological argument, and that's fine as there are a wide variety of views, but there is the fact of pending insolvency that is being ignored. Without reform, that is a fact. But, as I stated, I will still get my piece of the pie.
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