SS and Medicare: Not your Grandma's Ponzi schemes any more

An earlier article from the Libertarian News Examiner tried to explain that just when the general public was finally figuring out that Social Security and Medicare are Ponzi schemes they aren't any more.

That's because for a long time now there haven't been enough younger wage-earners paying in enough money to cover the growing number of retirees drawing benefits from the SS and Medicare "trust funds."

As explained in that article, the whole scam has been turned into a bait-and-switch fraud.

Workers and employers still think they're paying into SS and Medicare because paychecks dishonestly show deductions under the "Social Security" and "Medicare" categories.

But all that money is going straight into the politician's gigantic "slush fund," aka "general fund," where they immediately spend it on whatever their black hearts desire: Empire building, undeclared wars against Third World women and children, subsidies for their corporatist cronies, bailouts to benefit the union bosses and the banksters who own them.

There Is No Social Security or Medicare "Trust Fund"There Is No Social Security or Medicare "Trust Fund"

What goes into the SS and Medicare "trust funds" are government IOUs.

That's why the current scam is a bait-and-switch fraud, not a Ponzi scheme. As former US Comptroller David Walker put it in a May 2012 video, "We all send money in for payroll taxes. The government spends every dime of it. Every dime."

So people who claim there's a "generational war" of seniors forcing their children to pay their SS and Medicare bills are wrong. Including seniors who are taxed on their SS benefits, everyone is paying for every expenditure, every pork project, every subsidy, every debt, and every bait-and-switch scheme like SS and Medicare out of the criminal government's general fund.

Government is evil. The more money we leave in its hands the more evil government can do with it; the more money we take or keep from its hands the more good we can do with it.

That's why everyone has the absolute moral right to rob a robber. But while they're doing that, libertarians additionally have the moral responsibility to denounce every government criminal activity and every private sector entity that colludes with their criminality and actively support and promote the libertarian non-aggression principle.

Many libertarians won't agree with this. But Austrian economist Dr. Walter Block, author of Defending the Undefendable, does.

Readers are encouraged not to respond to this article until they've thoroughly studied his article on lewrockwell.com: May a Libertarian Take Money From the Government?

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