Posted 13 July 2011 - 10:12 PM
The thing is that it would be tough shit for you as well, not just for the people who can't save on their own.
I understand that some Americans can save and invest way better on their own than what the federal gov't can do for them. However, most Americans cannot, so they need the liebral nanny gov't to keep a piggy bank for them.
You take that piggy bank away and your taxes will go up by other means. Because there is going to be way greater need for homeless shelters and low income housing. And if you say tough shit to the shelters, well then your money is going to go towards way more police and jails as crime will skyrocket. Don't believe me? travel 1000 miles southwest of you and tell me what you find.
Social Security has worked just fine since it's inception. It's only recently become a problem because the government has pilfered the funds to pay for unnecessary wars. What needs to change is SS funds need to be left alone. If the gov't wants to go to war, they need to finance it in other ways.
Some reform would be fine, such as indexing the retirement age with life expectancy. However, I think it would be extremely dangerous and horrendously irresponsible to do away with a safety net that unfortunately is needed by a huge percentage of our citizens.