The Real McCoy said:
Social Security is one of the few social safety nets I support but it shouldn't be the only one people rely on. Educating one's self on the workings and benefits of the markets and taking responsibility for one's own retirement would be both individually beneficial and would further economic growth.
You think the man who works for under 10 bucks an hour and many hours of overtime his entire life has the time and money to learn about the market while trying to raise a family on low wages?
Too many people forget the poor man and think of the lower-middle class people instead. There are some people who don't have the time to learn about this stuff, nor the money to pay someone to assist them (ie. Broker), and, the market is not always a sure bet, Stocks are risky, Mutual Funds, while less risky, also have a risk of loss instead of profit.
The Real McCoy said:
Personally, I don't think they should be abolished but they deffinitely need some reform.
Nobody has stated they are perfect, and there will always be room for reform, as the needs of a changing society change too, but Ive actually seen people on this site who believe they should be done away with, Republicans of course, who probably don't understand that the same man I mentioned above can hardly afford his children's lunch money. Did you know there are "free lunch" programs out there for children who attend public school who's parents are too poor to pay the whole 2 bucks for a public school lunch?
The Real McCoy said:
The idea is to shift welfare-like programs to the private sector and avoid meaningless government red-tape and bureaucracy that lifts the heavy weight off taxpayers' shoulders.
Im sorry, I trust the private sector less than I trust the Government. This program would never work, as the private sector would have to depend on donations and excess government funds. This type of program would only seperate the boundaries between the Poor and the Rich, and quite possibly increase crime rates with it. Yes, there is need for Reform to protect from those who abuse the system, but turning it over to a private sector would not be the answer.
The Real McCoy said:
Actually the tax cuts mainly benefitted businesses, particularly smaller ones burdened by unnecessary taxes. My uncle owns a small computer repair business and because of the tax cuts he could afford to hire more people and provide his employees with better health coverage.
But, if the money were to be re distributed as to give it to the poor man who paid into the system, maybe that would help to relieve the povery level in our society. The guy who can already buy a private island with his wealth I think could afford to get less money returned than the guy who can barely provide food for his children. This could also help relieve some some of the people who are dependent on welfare, although not very likely, it could
help.
As you can tell, Im all about the poor guy. The rich guy can stand to give up the higher tax cut that gives him his 3rd Mercedes in order for the poor man to stop trying to Car-Jack his 1st and 2nd Mercedes in order to feed his kids.