Posts tagged social security
With a tax code that exceeds 72,000 pages in length and consumes more than six billion person hours per year to determine taxpayers’ taxable income, with an IRS that has become a feared law unto itself, and with a government that continues to extract more wealth from every taxpaying American every year, is it any wonder that April 15th is a day of dread in America? Social Security taxes and income taxes have dogged us all since their institution during the last century, and few politicians have been willing to address these ploys for what they are: theft.
Texas Gov. Rick Perry caused a firestorm among big-government types during the Republican presidential primaries last year when he called Social Security a Ponzi scheme. He was right. It’s been a scam from its inception, and it’s still a scam today.
When Social Security was established in 1935, it was intended to provide minimal financial assistance to those too old to work. It was also intended to cause voters to become dependent on Franklin Delano Roosevelt’s Democrats. FDR copied the idea from a system established in Italy by Mussolini. The plan was to have certain workers and their employers make small contributions to a fund that would be held in trust for the workers by the government. At the time, the average life expectancy of Americans was 61 years of age, but Social Security didn’t kick in until age 65. Thus, the system was geared to take money from the average American worker that he would never see returned.
Over time, life expectancy grew and surpassed 65, the so-called trust fund was raided and spent, and the system was paying out more money than it was taking in — just like a Ponzi scheme. FDR called Social Security an insurance policy. In reality, it has become forced savings. However, the custodian of the funds — Congress — has stolen the savings and spent it. And the value of the savings has been diminished by inflation.
Today, the best one can hope to receive from Social Security is dollars with the buying power of 75 cents for every dollar contributed. That makes Social Security worse than a Ponzi scheme. You can get out of a Ponzi investment. You can’t get out of Social Security. Who would stay with a bank that returned only 75 percent of one’s savings?
The Constitution doesn’t permit the feds to steal your money. But steal, the feds do.
At one of last year’s Republican presidential debates, a young man asked the moderator to pose the following question to the candidates: “If I earn a dollar, how much of it am I entitled to keep?” The question was passed to one of the candidates, who punted, and then the moderator changed the topic. Only Congressman Ron Paul gave a serious post-debate answer to the young man’s question: “All of it.”
Every official foundational government document — from the Declaration of Independence to the U.S. Constitution to the oaths that everyone who works for the government takes — indicates that the government exists to work for us. The Declaration even proclaims that the government receives all of its powers from the consent of the governed. If you believe all this, as I do, then just as we don’t have the power to take our neighbor’s property and distribute it against his will, we lack the ability to give that power to the government. Stated differently, just as you lack the moral and legal ability to take my property, you cannot authorize the government to do so.
Here’s an example you’ve heard before. You’re sitting at home at night, and there’s a knock at the door. You open the door, and a guy with a gun pointed at you says: “Give me your money. I want to give it away to the less fortunate.” You think he’s dangerous and crazy, so you call the police. Then you find out he is the police, there to collect your taxes.
The framers of the Constitution understood this. For 150 years, the federal government was run by user fees and sales of government land and assessments to the states for services rendered. It rejected the Hamiltonian view that the feds could take whatever they wanted, and it followed the Jeffersonian first principle that the only moral commercial exchanges are those that are fully voluntary.
This worked well until the progressives took over the government in the first decade of the 20th century. They persuaded enough Americans to cause their state legislatures to ratify the Sixteenth Amendment, which was designed to tax the rich and redistribute wealth. They promised the American public that the income tax would never exceed 3 percent of income and would only apply to the top 3 percent of earners. How wrong — or deceptive — they were.
Yet, the imposition of a federal income tax is more than just taking from those who work and earn and giving to those who don’t. And it is more than just a spigot to fill the federal trough. At its base, it is a terrifying presumption. It presumes that we don’t really own our property. It accepts the Marxist notion that the state owns all the property and the state permits us to keep and use whatever it needs us to have so we won’t riot in the streets. And then it steals and uses whatever it can politically get away with. Do you believe this?
There are only three ways to acquire wealth in a free society. The inheritance model occurs when someone gives you wealth. The economic model occurs when you trade a skill, a talent, an asset, knowledge, sweat, energy or creativity to a willing buyer. And the mafia model occurs when a guy with a gun says: “Give me your money or else.”
Which model does the government use? Why do we put up with this?
F2C2012: Aaron Swartz keynote – “How we stopped SOPA”
Published on May 22, 2012
Aaron Swartz keynote – “How we stopped SOPA” at F2C:Freedom to Connect 2012, Washington DC on May 21 2012.
By Judy Morris
Here’s a ‘Connecting the Dots Moment’ for Americans to ponder: It’s a well documented fact that Congress wiped out the Social Security Trust Fund over the decades to the tune of at least $2.5 trillion and left a worthless pile of IOU’s, here. It’s also well documented that foreign aid, according to 2007 figures, totaled an astounding $2.3 trillion. How would Americans feel if they knew that the government they elected and trusted plundered their Social Security and that their retirement funds landed in the laps of defense contractors and corrupt foreign officials?
Flushing $2.3 trillion in American tax dollars down the foreign aid toilet, here, is not only an act of grand theft but also a gargantuan welfare program for defense contractors. The $2.3 trillion figure quoted in the link is based on 2007 data and hundreds of billions have been added to the foreign aid tab since 2007. Still, it has been estimated that 2/3 of foreign aid lands right in defense contractor laps.
Foreign aid is one of the biggest scams ever because gobs of American taxdollars end up lost, missing, stolen unaccountable and untraceable. Nobody really knows what happens to unaccountable foreign aid dollars. Our government that disburses the money doesn’t even know or, more likely, refuses to disclose who got the money.
It is thought to have been the biggest international cash airlift of all time, when $12billion in aid was flown by the Bush administration to postwar Iraq.
And now, for the first time, investigators auditing the cash have admitted that more than half of that huge amount may have been stolen when it got there in ‘the largest theft of funds in national history’.
Iraq isn’t the only recipient of massive foreign aid that is riddled with scandal. Although $90 billion in aid has poured into Afghanistan since 2001, here, nobody really knows where that money went and Afghan and US officials are determined to keep it that way.
Afghan President Hamid Karzai is blocking efforts by U.S. officials to locate billions of dollars given to aid Afghanistan’s economy, stymieing efforts to combat money laundering of drug money, corruption and funding terrorists.
Karzai is prohibiting U.S. Treasury agents from accessing the Afghan government’s central bank by allowing and even contributing to “hostile working conditions” for advisers there, according to a new report by the U.S. Inspector General’s Office for Afghanistan Re construction.
Afghanistan is just one of many corrupt nations that are the recipients of tons of US foreign aid and even the NYT chirped in on the corruption in Afghanistan, here. Furthermore it is estimated that Afghanistan will need an additional $6-7 billion in aid over the next 10 years, even if aid dollars are slowing down a bit. Reuters reported that a staggering 90% of Afghanistan’s budget comes from aid, here.
More than 90 percent of Afghanistan’s $17.1 billion national budget comes from foreign donation…
How did Afghanistan survive before the era of BIG aid? Just fine! Heck, it’s heroine trade could comfortably bankroll any nation which, of course, raises the issue of precisely why America is so interested in Afghanistan. It’s widely believed and documented that the CIA, frequently dubbed Cocaine Import Agency, is the biggest drug dealer on the planet, here.
As fiscal and economic woes pile up in America, most Americans remain absolutely clueless as to what is really going on and what their government actually does.
Read more like this at http://judymorrisreport.blogspot.com/
By Judy Morris
The alternate media and blogosphere are buzzing with very disturbing stories about how the government intends to steal/seize private retirement accounts.
A new effort by the Obama administration, Congress, the Treasury Department and labor unions aims to fundamentally alter how Americans plan and save for retirement.
Warnings have been popping up over the last several years about the possibility of re-appropriating the $3.5 Trillion sitting in private retirement and spreading those funds around to Americans who are deemed less fortunate.
This couldn’t possibly happen in America, right? At one time, most Americans also believed heath care mandates that force Americans at the barrel of a gun to surrender portions of their earnings into a universal system for all would never happen. Well, it did.
And now, those who would control and regulate every aspect of our lives are making a new push; one whose efforts will ultimately end in the seizure and redistribution the personal retirement savings of every American who has ever put money into a 401(k) or IRA.
This is no longer in the realm of conspiracy, but rather, public record.
The articles goes on to document what is currently happening, including “A recent hearing sponsored by the Treasury and Labor Departments marked the beginning of the Obama Administration’s effort to nationalize the nation’s pension system and to eliminate private retirement accounts including IRA’s and 401k plans, NSC is warning.”. If this is true, it’s an outright expropriation and theft of all private pensions.
Actual U.S. debt lies hidden, exceeds $86.8 trillion
The full extent of the [debt] problem has remained hidden from policy makers and the public because of less than transparent government financial statements. How else could responsible officials claim that Medicare and Social Security have the resources they need to fulfill their commitments for years to come? …
The U.S. Treasury “balance sheet” does list liabilities such as Treasury debt issued to the public, federal employee pensions, and post-retirement health benefits. But it does not include the unfunded liabilities of Medicare, Social Security and other outsized and very real obligations. …
The actual liabilities of the federal government — including Social Security, Medicare, and federal employees’ future retirement benefits — already exceed $86.8 trillion, or 550% of GDP. For the year ending Dec. 31, 2011, the annual accrued expense of Medicare and Social Security was $7 trillion. Nothing like that figure is used in calculating the deficit. In reality, the reported budget deficit is less than one-fifth of the more accurate figure. Read the original article at The Wall Street Journal
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Published on Oct 22, 2012 by RapsAlive
Alex Jones remembers American icon Russell Means, a valuable member of society and the freedom movement. Means sadly passed away on October 22nd after a battle with esophegal cancer.
Means joined the American Indian Movement in 1968, and was involved in numerous protests. Unlike the majority of AIM activists, Means was a libertarian. He came second in the 1987 Libertarian Nomination process, to none other than Ron Paul. In January 2012, Means endorsed Ron Paul’s 2012 presidential campaign.
Means is well known for his move to declare the Republic of Lakota a soverign nation, occupying the Mayflower II, and engaging in a standoff against FBI at Wounded Knee.
Thank you for the great work you have done Russell, you will be missed.
Please find below the documentary mentioned: Russell Means: Welcome To The Reservation
Uploaded by THElNFOWARRlOR on Jan 19, 2011
The United States is one big reservation, and we are all in it. So says Russell Means, legendary actor, political activist and leader for the American Indian Movement. Means led the 1972 seizure of the Bureau of Indian Affairs headquarters in Washington, D.C., and in 1973 led a standoff at Wounded Knee, South Dakota, on the Pine Ridge Indian Reservation, a response to the massacre of at least 150 Lakotah men, women, and children by the U.S. Seventh Cavalry at a camp near Wounded Knee Creek.
American Indian Russell Means gives an eye-opening 90 minute interview in which he explains how Native Americans and Americans in general are all imprisoned within one huge reservation. Means is a leader for the Republic of Lakotah, a movement that has declared its independence from the United States and refused to recognize the authority of presidents or governments, withdrawing from treaties it made with the federal government and defining its borders which cover thousands of square miles in North Dakota, South Dakota, Nebraska, Wyoming, and Montana.
The fear mongering is getting extreme. Libya, Egpyt and America the Battlefield.
As we now know, NDAA has been reinstated.
Social Security is debt slavery for the young. Plain and simple , just one of the many failings of government, who simply is incapable of doing business and can only steal and borrow money in order to spend it.The reward for working hard is to have half your income taken through force and a significant portion of this money is given to those that will not work! If that ain’t killing entrepreneurial spirit then what it is . The funny thing is, you can invest your money in the same place as social security and get more back privately. In fact if you could opt out and invest it in the same place not only could you receive the money for the rest of your life, but your inheritors would actually get the remainder when you die (not just have it go back to the general fund). The stupidest group on the planet are the ones who think that government was meant to provide for everything, and is the answer to everything.In a Ponzi scheme pays off the first few investors. social security does not even do that.A Ponzi scheme is voluntary but Social Security is violent