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Thanks for the open discussion.
Sorry for the long post. But!
I doubt that we will convince each other to look at the issue differently.
Just to ensure we are on the same page. The word entitlement does not mean welfare or charity.
Since the system seems to be in trouble, many people who fear it might not be around, would like to opt out. There are a few clever people that think they could invest it and be better off. I will keep my comments on that one to myself. Opting out is much more preferred by younger people because of all of the press and fear. People who have paid into it are not interested in doing so because they cannot retrieve their money. They just lose.
I find it interesting that those who would like to opt out are fine with those who have paid in taking a loss at the worst time (when they are old and worn out). Many of which are those same people's parents!
On the other hand, you have not experienced a loss. You have the promise from the government just like me.
Here are a couple of questions for you:
- If you were 59 or 60 right now. And opting out meant you just dropped from the program. Would you opt out?
- If you were 59 or 60 right now. Would you want everyone to have the ability to opt out?
My next statements are likely to cause a highly charged reaction. But here goes.
I agree that governments are not always efficient or as efficient as business. However the motive is different. Democratic Governments (for the most part) are geared toward the interests of society and citizens. Businesses are about making a profit. Businesses have a conflict of interest. Both of these types of entities are run by people who are imperfect and make mistakes or sometime have questionable motive or are sometime just out and out stupid!
I am not a big government type of person (i.e. ultra-liberal)... I am not an ultra conservative... I am in the middle!
I believe that certain programs are better off if they are run by the government or heavily regulated. Why? Because in many cases greedy (selfish) people will take advantage of the population. For example I am absolutely in favor of anti-trust laws. They are not perfect, but they attempt to keep business from exploiting us.
Likewise, infrastructure... roads, bridges. I do not think it would work well for private business to own these.
Please do not bother to cite the couple of examples where these are owned. I am not sure they would invest in it unless they could (guaranteed) make a huge profit anyway. If it were in the hands of private business, it would need to be regulated heavily... just like the power industry.
Unfortunately businesses are filled with people and people often do not act in the interest of people... they are about maximizing profit in (typically) legal ways... which are not always fair or in some cases what you and I would think are moral.
When it comes to medical care in this country. People cannot get affordable health insurance. This is the reason that medicare (entitlement for retirement but paid into by the recipient) and medicaid (welfare in most cases not paid into by the recipients) exists.
SS would not exist if it were not mandatory. Why, because the fools who need it the most would not sign up. It is not unlike insurance and anti-selection. People only want insurance when they need it!
We may choose to disagree on the subject. But one thing is very unlikely. SS and Medicare are not going to be shutdown. But the fix is likely to be painful.