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Friday, July 31, 2009

The Social Security Fraud


It is becoming increasingly clear that people are largely beginning to lose faith in social security. According to some polls, more young Americans believe in UFOs than believe they will eventually receive Social Security benefits. Even the government appears to have lost faith in the system, as the most generous estimates of its own statisticians predict the Trust Fund going bankrupt by 2030.  Abraham Ellis brilliantly dissects the inherent problems surrounding America’s present Social Security system and offers a promising alternative of privatization. In addition, the author discusses the ramifications of the something-for-nothing philosophy that afflicts modern America, as well as showing how privatization will fix this.