Letter to the Editor: Social Security is a scam

This month marks 84 years of the Social Security program. In 1935, FDR signed the Social Security Act. For the next eight decades, Social Security was sold to Americans as an “insurance policy” that ensures you will have money when you reach retirement. One main difference between a private plan and Social Security, of course, is that you can go to jail if you don’t pay the Social Security “premium.” In fact, in 1959 an Amish farmer had three of his six horses confiscated by the federal government because he didn’t pay $300 in Social Security taxes.

In 1935, there was concern by some that the Constitution does not give the federal government the authority to create insurance programs. In order to circumvent the Constitution, the Social Security Act avoided any use of insurance language.

The tax forced on citizens was completely separate from any “benefits.” No one actually has a “right” to receive any of the money they “contribute.” It is simply another tax on income that goes to pay current Social Security payments (and other government spending). To this day, however, the Social Security website still disingenuously uses the language of insurance. In the words of historian Thomas E. Woods: “The whole thing is a scam.”

The idea of Social Security is opposed to the biblical ideal of children providing for their parents. Furthermore, private organizations are capable of providing alternatives to an insolvent government scheme. As Ron Paul observed, Social Security has proven “that the government is not very good at central economic planning, even for retirement.”

Chris Hume

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