By Bob Shapiro
There are numerous valid arguments for phasing out the Social Security System.
These include the obvious, such as, since Social Security is a pay-as-you-go system, meaning that it depends on revenue from current workers to pay for current retirees, it is a Ponzi Scheme which eventually must fail.
I’d like to talk today about a couple of arguments that may surprise you: 1. Social Security, by it’s very design, is racially discriminatory, and 2. Social Security laws trying to foreclose “double-dipping” are keeping American children from getting the best possible education.
Racially discriminatory? A study from the Centers for Disease Control shows that there is a huge gap between life expectancies for black versus white Americans – age 75 for blacks versus 80 for whites (79 overall).