Why do people have so much faith in Government?

[palerider]

....And, it's still in-place.​

Evidence of the stupiditiy of government. Nothing more. Nothing less. You seem to be proud that a failed system is still in place. Hell, how about you name a few failed liberal programs that aren't still in place. To the best of my knowledged, midnight basketball is still being funded.

List the top-five.

Not hard to find, feel free to do some actual research. The possibility of you learning something is slightly greater if you research yourself than if I spoon feed you.

 

[HankHill]

You believe social security is a successful government retiremement plan? 1% retirement on a lifetime of contributions? You just keep getting dumber every day don't you?

My name is HankHill and I approve of this message.

 

[chestnut]

Bingo!!!! (...And, it's still in-place.)

No one asked what the most-profitable government-program was....well, besides the Defense Industry.​

It exists, but it is not successful, It it was successful, it would not be bankrupt

 

[Andy]

"...way way back in high school...", huh?

Are you gettin' "...way way..." close to finishing High School....yet?


​

Coming from the least reliable source of information on this forum. "Like whoa dude... you are so kewl!"

 

[Andy]

....And, it's still in-place.


List the top-five.

​

I don't know about his claim, but I do know of one... A massive one though.

Check this out from Wiki.

Critics of Social Security claim that it gives a low rate of return, compared to what is obtained through private retirement accounts. For example, critics point out that under the Social Security laws as they existed at that time, several thousand employees of Galveston County, Texas were allowed to opt out of the Social Security program in the early 1980s, and have their money placed in a private retirement plan instead. While employees who earned $50,000 per year would have collected $1,302 per month in Social Security benefits, the private plan paid them $6,843 per month. While employees who earned $20,000 per year would have collected $775 per month in Social Security benefits, the private plan paid them $2,740 per month, at interest rates prevailing in 1996. While some advocates of privatization of Social Security point to the Galveston pension plan as a model for Social Security reform, critics point to a GAO report to the House Ways and Means Committee, which indicates that, for low and middle income employees, the outcome may be less favorable.

So a private retirement fund would give a $20K wage earner $2,740 a month on retiring, whereas Social-ist In-Security would give only $775 per month to live on.

Which do you think is better for the lower class? $775/mo or $2,740/mo?

 

[chestnut]

I did not say profitable. I said successful. If being bankrupt and by barely providing any decent living is successful, than you don't understand.