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Author: Bearster One star, 50 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 76418  
Subject: fixing SS Date: 10/22/1998 6:36 PM
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Al Levit proposes a few changes to 'fix' social security.

1) Making all income taxable, instead of just the wage base.
2) Means testing, so that rich people can't collect a dime.

In other words, he proposes taxing the most productive Americans even more aggressively than now, and then refusing them even a regular SS check when they retire.

Well, this might "work" in the sense that the SS system won't go bankrupt. I trust that Mr. Levit did his actuarial homework.

However, it's monstrous!

What's needed is gradual rollback of the welfare state until the day when no man is robbed in order to pay, unearned, for benefits accrued to others.

For more details, I refer any reader to Ayn Rand's novel _Atlas Shrugged_, about the day when the producers go on strike.

The welfare state can last only so long as the producers are willing to support it.

The looters and the moochers already grasp this principle; it's time that the producers do also. *This* would be a real level playing field. :)
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