Social Security was introduced by our second socialist president in 1935. It was always intended to be a government slush fund, not a retirement “locked box” as we have been told.
As proof, in 1935 the average life expectancy was 58. Why was the retirement age set at 65? If it was enacted today, the retirement age would 85.
As with all things socialistic, everything was rosy in the beginning. However, when humans try to control things, instead of letting the free markets control things, they soon get out of control. No one in 1935 foresaw that people would be living into their nineties or how the population would increase. And now, the “entitlement” share of the national budget is threatening to collapse our economy, something even President Obama couldn’t accomplish.
Today, socialism is all the rage with the left. We’ll get free this and free that. Scandinavian socialism is cited as the ideal. (No one wants to talk about Venezuela.) Want to know how much all that free stuff costs the Scandinavians? Denmark, the gold standard, charges a rate of 60.2 percent on income over $55,000. Google can tell you all you want to know about it.
Besides the cost of socialism, get ready to wait in long lines like the Canadians do to see a doctor. Their saving grace is that 90 percent of them live within a hundred miles of the U.S. border. That’s from the Canadian Broadcasting Company. Nothing is more expensive or takes longer than when it’s “free.”