RiverRobb's Blog

Just another WordPress.com site

Archive for the ‘Politics’ Category

Social Security IS a Ponzi Scheme

leave a comment »

I heard a commentator on Fox Business’ Freedom Watch program; which I highly recommend by the way, who said “Social Security isn’t a Ponzi Scheme because it’s not intended to defraud.” Really? It’s not? Consider this…

My parents contributed to social security and never collected from it. The reason? They both passed away before collecting benefits. So what happened to the money they contributed? It stayed in the system; which happens with almost every person who passes before collecting – the exception is disability benefits, and is not returned to the family of the contributor(s). So if I put into a system and NEVER benefit from it, haven’t I been in some way defrauded?

The simple answer is yes. If I’m not made whole at the end of the day; and in this case my family, then money has been taken from me and doled out to the benefit of someone else. If I contribute to a retirement account, monies are returned to me or my family in case of my demise, and I am or my family is made whole. In this case, government is making someone else whole at my expense. While technically the intent of Social Security was geared toward a small amount of assistance for those in need, it has been bastardized by politicians on both sides of the aisle into something which is unsustainable. It wasn’t set up as a Ponzi scheme, but that’s what it is now.

I have contributed somewhere in the neighborhood of $34000 to Social Security in my life according to the yearly statement and my benefit at retirement will be around $1100 per month. I calculate that I will contribute a total of about $55000 by the time I retire. It will take four years and two months for me to draw out what I’ve contributed. So who is paying for me after that? Someone else is, that’s who!

I have always wanted Social Security to be privatized. My neighbor scoffs at that and points to wall street and the current economic crisis and says, “Where would your money be if that happened?” Where’s my money now? It’s gone. There is no money in Social Security, but the government uses it’s printing presses to put the money in my account… which devalues the money and makes my “account” worth less. And I would be worse off if I had my money in the stock market?

If my money was in the stock market or in bonds etc. there would be a money manager who’s sole job would be to keep me from losing my money, right? If my accounts lose value, I would be free to shop around for a manager who would keep me ahead of the game. That keeps them on their toes. It would also keep the markets from fluctuating as much. There would be a vested interest in growth and enough checks and balances in place to keep the markets from the huge roller coaster ride on which it’s currently embroiled.

In reality, Ponzi type schemes are destined to fail. Originally the retirement age was set at 62 when most people only lived to be 61. That should tell you that the creators of this program, did so knowing full well that there would be people who contribute and never benefit. I would also have no  problem with Social Security if I could opt out. If I could invest my money in whatever funds I chose and keep all of it, then problem solved. I can’t though. If I could and everyone else could… Social Security would end tomorrow.


Written by Robb

September 16, 2011 at 7:49 pm

Posted in Politics

The Death Tax and other Government Ponzi Schemes

leave a comment »

Death to the Death Tax! It should die and die quickly. The real problem with this is that the law has become immoral in it’s purpose, and the taxes collected have become part of the greater Government Ponzi scheme.

So we’re on the same page a Ponzi Scheme is defined by Wikipedia as “a fraudulent investment operation that pays returns to separate investors from their own money or money paid by subsequent investors, rather than from any actual profit earned… The system is destined to collapse because the earnings, if any, are less than the payments to investors.” Is that not EXACTLY how Social Security operates? Both of my parents passed away prior to collecting Social Security. Were their contributions doled out to my brother or me? No. In this case the government wins. They are allowed to keep money and give it out to someone else. It is also the best case to be made for privatizing Social Security.

The Death Tax is perhaps the most immoral transgression in which this or any government could engage. Money is earned, taxed and the profits of monies left over are subsequently taxed. If an estate accumulates enough money, investments are made either in property or stocks and the profits of those investments are taxed. So when someone has accumulated significant wealth, how then should they be penalized? How should the government be allowed to steal money that is earned honestly and legitimately from the heirs of that estate? Should the government encourage or discourage the accumulation of wealth?

In reality, government should encourage the accumulation of wealth. Why? Money in private hands in any form stimulates economic activity. Someone with wealth will buy things… cars, houses, boats, motorcycles, trips , vacations etc. If they don’t buy things and become “greedy” and choose to hold on to their money, they leave their funds in the bank to earn interest. The interest rate is so low though, the return on that money is very slight. However, bankers use that money as collateral to loan to other bank customers to buy houses, cars, refrigerators or just about any thing for which someone would need to borrow money. Home equity loans, lines of credit and credit cards are all backed by money on deposit in their banks.

The loony left or as I call them the “caricatures of stupidity,” deride the rich for buying their yachts and airplanes as being greedy. Are they right? Of course not. How? There are long lines of manufacturers of parts for expensive cars or expensive yachts. The people who build them stay employed. The manufacturers of the parts for both stay employed. The parts houses that stock replacement parts for both stay employed. Paint manufactures and painters stay employed and so on… Get it now? Purchases stimulate economic activity regardless of what it is. Penalize the wealth to the point they stop buying yachts and cars, the manufacturers lose employees and go out of business. All those employed supplying parts and labor for these purchases stay employed thus encouraging more economic activity. The definition of trickle down and you can see that it has the potential to work and work well.

Do I want poor people to have more money? Yes, absolutely! Do I want the wealthiest Americans to have less? Absolutely not! Why? Those are the folks who invest money, creating jobs for everyone. Most small businesses who create most if not all local jobs, are in the top 1% of income earners; those who make $250,000 or more. Realize that there are only 310,000 people in the entire country who make that much and are responsible for creating the majority of jobs in the country. Do you really believe those people should be punished for being wealthy? Not if you’re smart.

Democrats have decided to purport that the rich are taking money from your kids and grand kids. That the rich wanting to keep their money is taking away from someone else. They don’t understand economics 101 at all. The economy is not a zero sum game, in that someone does not have to lose for someone else to win. We can all win and do win when the economy grows. The only way for the economy to grow is for money to stay in the hands of the people and out of the hands of government. Why did the economy fail under Dimwit 43? Because it stayed in the government and not as much in the hands of the people. It’s exactly why Obama has failed so far. He doesn’t understand anything economic; except the Stalinist/Marxist/Socialist mantra of social equality through punitive taxation. It’s working in China at present, but can anyone say they want to live that way? If I’m allowed and anyone else is allowed to opt out, then I’m all for it.

Written by Robb

December 10, 2010 at 6:07 pm

Posted in Politics

Anthony Weiner is at it again!

leave a comment »

This morning, I watched a news clip of Anthony Weiner being interviewed about the Estate Tax. His contention is that the money in the estates of over $1 million or at least a good portion of it, belong to the Federal Government. Of course this is double, triple or quadruple taxation as the monies have been taxed when they were earned and presumably there will be property or properties that have paid taxes on a yearly basis that will again be taxed by the Feds. It’s clear that Mr. Weiner is the poster child for the “caricature of stupidity” that has a stronghold on politicians; especially the Liberal Democrat variety.

The incredulity that Mr. Weiner displayed as he was asked about the double taxation aspect should be a sign to folks that the end of the US Empire is near and none too soon. The presumption that politicians have the right to steal from the people to satisfy their own compassion or their own morality is quite remarkable. “How dare you question me and my morality here!” was the gist of his response. He rolled his eyes and turned away from the camera in a most arrogant manner and retorted “are you ready now? Are you ready to hear the answer?” He then proceeded to restate the question that was no where related to the original question with the premise that his moral standing in congress allowed him to steal outright to give to the less fortunate.

He answered the question he asked himself and that was “at what rate should it be taxed?” By then I had to turn the channel as my brain cells were being assaulted and I tend to guard my brain cells much like a mother grizzly guards her cubs. It is clear that this particular politician and many more just like him have no clear concept of right and wrong.

Ayn Rand defines morality as “the judgment to distinguish right from wrong, vision to see the truth, courage to act upon it, dedication to that which is good and the integrity to stand by it at any cost.” I’m certain that Mr. Weiner will see his actions as good or he wouldn’t be doing them. I don’t think he’s an intentionally evil person, his actions however connote something entirely different.

I believe that everyone on the planet can distinguish right from wrong. If someone were to walk up to you and ask for money, you could ask for what they need the money. If they told you it was for drugs, you would presumably say no. If they  said they needed the money for food, you may acquiesce. It would be entirely your choice. I nor anyone else should have a problem with voluntary charity. If you have it available and wish to give it to aid someone in need, that should be your choice and yours alone.

If you needed that money for food for your own family however, you may say no; after all your survival would come before someone else’s. If however someone comes up to you with a gun and takes that money from you for whatever reason, they would be a thief. If they gave that money to a homeless person or someone else in need, would they be any less a thief? I would think no. The government in this case, is the thief with a gun. Even though an individual isn’t pulling the trigger, they are using the agents of government as a surrogate for theft.

You own yourself outright. No one has a claim on your life but you if you are free. You own your heart, mind and soul completely and without restrictions or reservations. You own everything you have done, are doing and will do. If Mr. Weiner decides that you have too much and should be separated from that which you have done in your life, he is stealing from you and is doing so with his eyes wide open, period. His actions are then immoral and the recipients of his “benevolence” are in effect receiving stolen property; your essence is being taken away for someone else’s benefit.

This country has become a paradise for parasites like Mr. Weiner and his ilk. They suck the life blood from honest people like the leeches they are. What is beginning to happen is the host organism is fighting back. That is usually what happens. Dogs and cats always scratch their fleas. Animals in the wild most assuredly pick off their ticks, right? The host in this case is the hard working public who do nothing but get up every day, go to work to earn as much as they can for themselves and their family. There is nothing inherently evil about someone who wants to earn millions of dollars in their life. That should be encouraged and rewarded by governments as their descendants should never be in need of government services. They will spend money on their lives and create jobs accordingly and proportionally. Right?

Today’s government have become the entity from which governments should protect the people. Codified theft is evil and those who use it, condone it or encourage it are those from which we need protection. There is nothing good about stealing even if the reason seems right.

Written by Robb

December 9, 2010 at 3:56 pm

Posted in Politics

The Tax Deal… See I Told You So!

leave a comment »

Today the coward President of the United States and the even more cowardly congress, have come to an agreement that will extend the Dimwit 43’s tax cuts as well as extend unemployment benefits for the chronically unemployed. As I stated in yesterday’s post, the Republicans are Socialism-Lite. The real problem is that none of this is being paid for by us today. Instead it’s being leveraged against our great-great-grandchildren; future generations of American slaves.

Hopefully the Tea Party folks see this as the example being set for the rest of the government and rise to the occasion for the 2012 elections. These elected officials just don’t get it!

The problem is two-fold… First the benefits have to be paid for and with the government swimming in and drowning in RED ink, it is an expense we can no longer afford. The addition of this to the deficit spending that will have to be paid back by future generations of American slaves, is the second part of the problem. No good came of this today. In essence the government has taken a huge gulp of sour mash before heading in to the AA meeting. Unless and until some fiscal sanity comes about; and today isn’t an indication of that taking place, we are gasping for air in the deep end of the pool wearing weighted boots.

Obama’s claim that what happened today will help stimulate the economy is almost too stupid for reply. However, that shouldn’t stop the truth. In reality what happened today is we came home, opened up the Visa bill, saw we were in debt to roughly three times our yearly income, and decided to go out and by a new car. Simply irresponsible spending. Then again what else would one expect from this government?

Obama, if he takes any clues from Bubba 42, has almost certainly assured his re-election. The Tea Party congress will reign in spending, the tax cuts will help to stimulate the economy and Obama will get all of the credit. Much like Bubba, Obama has inherited problems from a liberal/progressive Republican with conservative overtones; liking wars and hating abortion, who spent too much and got the economy in trouble. Neither of the Bush’s were fiscally responsible. “Read my lips, no new taxes” was after all lip service from a man with no lips. That should have been our first clue.

Hopefully Obama’s cowardice will be harder to draw out. Hopefully he will, unlike Bubba, stick to his guns and continue to try and spend money like a drunk socialist. He could try to continue his spending spree and call Republicans “obstructionists” which would undoubtedly backfire.

Obama is far more dangerous to this country than 41 and/or 43 or both combined. Wars are despicable, but can actually stimulate economic growth. The “shovel ready” projects that so many Democrats like, are just what bomb, plane and ship building are. It’s the type of Keynesian economics that these politicians adore. If it wasn’t for the killing, they’d be all for it.

What we can hope for is these spotlight loving politicians continue in their “how are we going to get re-elected” mode and show themselves to be in their own best interest, instead of that of the people. The Wikileaks light could and should shine on them all… maybe that would keep them on their toes. Since all religions are agents of control, maybe the invisible man in the sky keeping an eye on what we do, can make politicians think twice before the screw us again. Of course that’s wishful thinking, isn’t it? Conservatism, Liberalism, Socialism, Christianity, Islam et al are all religions. It’s the unwavering belief that there is no other way for life to move forward, that is undoubtedly the death knell for humanity.

Instead of understanding that evolution continues even today, and Natural Selection and Survival Of The Fittest actually do work, we hold on to the ideology that a benevolent entity can best dole out what is best for mankind. God or government… it doesn’t work and never will. We need to understand that what is being created is a shield between what works and what always fails. Rome fell. The Soviet Union fell. East Germany fell. Cuba is falling. It’s time we get a clue before we devolve back into single cell organisms.

Written by Robb

December 7, 2010 at 10:42 pm

Posted in Politics

Anthony Weiner… His Name says it all!

leave a comment »

I was watching/listening to Imus this morning and he was interviewing one of his favorite guests, Anthony Weiner. It is simply amazing to me that someone could be so vacuous and still be alive!

Now I’m not a fan of Republicans by any stretch of the imagination. Democrats however, have become a walking caricature of stupidity. This morning Congressman Weiner asserted that Republican wanted to take away medical benefits for senior citizens, give tax cuts to Billionaires and repeal Obamacare which would add a trillion dollars to the deficit. The problem is that he said this with a straight face and it’s all a lie.

Statist Republicans want to control you and me as much as the Statist Democrats do. The degrees to which both will and want to control are varied. Suffice it to say that if Satan was a 10 on the evil scale, Democrats come in at a warmish 9.5 and Republicans come in at a tepid 9.2. Evil is evil folks and neither major party has any real concern for your or my freedom.

As for Mr. Weiner though, he is tapping lightly on Satan’s door. The problem for Mr. Weiner is that the premise on which he bases his claims are false which make just about everything he does, wrong. Allow me to explain.

His premise is that government is  a place where people can come together, see what is wrong with the country and use force; the barrel of government guns, to exact their compassion and their “fixes” on the rest of us. It’s okay to steal the production of honest hard-working Americans and give it away… as it is the right of the government to steal without fear. After all their morality is superior and they know much better than you or me, how to formulate the best possible life. How benevolent of them.

You own yourself. You own your heart, mind and soul. Everything you do, you own. That is if you’re free. If you’re not free then who owns you? The government claims you’re free and yet stake their claim on your production. The stake their claim on a part of your heat, mind and soul. They do it with the “law” on their side. Legality and morality are not mutually exclusive.

Without codified theft of the heart, mind and soul of the working people of this country, Mr. Weiner would undoubtedly be flipping hamburgers or washing toilets as it seems that’s all the brain power he has. All politicians have been involved in the world’s largest Ponzi scheme without fear of repercussion. The government is broke. Social Security was broke, is back in the black for the rest of the year and then will continue to function in the red for the rest of it’s time as a program. And people think privatizing it is a bad thing!

Mr. Weiner has a much larger problem. Without being able to legally steal from the “rich” which is a joke if one understands economics 101 at all, there is no Medicare or Medicaid. There is no program that redistributes wealth. The premise that he or the government has the right to steal the heart, mind and soul of the citizens of this country and dole it back out to the “less fortunate” is flawed and ultimately evil. It creates a plantation in the form of US borders and the citizens are free range slaves.

Regardless of what you think about the “rich” in this country, they have earned what they have, haven’t they? Did they steal it? Did the provide a good or service for consumers and earn their money that way? The tax cuts would also affect those who make as little as $250k per year. Most of those are small businesses who help to drive the economy. Tax cuts for those people will bring jobs and benefits to millions who are at present unemployed or underemployed.

The wealthiest Americans put their money at risk. They do that by hiring people and developing  goods and services that people want or need. Do we want that to stop? That is what will happen if we steal from the producers in this country. Without them, the economy slows or stops. Doubt that? Look around. See the 10% unemployment? Is it going down? Government is unable to sustain spending without more borrowing and fewer countries have the money to loan.

As for the deficit… Under Dimwit 43, the deficit was substantial. Half a trillion dollars is nothing to sneeze at. Today though? $1.3 TRILLION in deficit spending. How Mr. Weiner, will adding to the government spending with more programs, reduce the deficit? It won’t and he knows it.

There is no easy fix here. The tea party folks have the right idea but they are putting their eggs in the GOP basket. Republicans have shown and are continuing to show that they have an agenda that is not based on implementing the basic principles of freedom. Instead, it’s socialism-lite. The lesser of two evils is still evil.

What we need is a party that is dedicated to freedom and responsibility. Libertarian Party seems to be pretty close to the best party for freedom. The real problem is that very few people are ready for or want freedom. They would rather have someone in charge of their life. Ben Franklin said “They that would trade essential liberty for temporary security deserve neither liberty or freedom.” It’s time for a change.

Written by Robb

December 6, 2010 at 6:58 pm

Posted in Politics