Tuesday, September 29, 2009

Stumbling Social Security shows potential for Health Care Reform

The Associated Press reported that Early retirement and job losses is causing the tide to go out on Social Security over the next two years. More benefits will be paid out than revenues will be collected for the fund.

This raises the spectre of free-market manipulation of public programs such as social security, medicare, and a health care public option.

Public programs are supported by taxes paid by people who are incapable or are not knowledgeable enough to hide their wealth off-shore.

Employers on the other hand, specifically those savvy enough to hide their money off-shore are typically corporations with the largest number of employees.

Theoretically, corporations such as these could lay-off just enough employees to bankrupt Social Security and other government social programs within a few years.

Ironically, laying off more employees makes the corporation's bottom line look better, and consequently creates the false impression that the economy is recovering, drawing investors, employees looking for 401(K) opportunities and first-time home owners into a deadly trap.

Since the larger multinational corporations have their risk spread around the world, they can go country by country, systematically manipulating governments that rely on income tax.

http://www.google.com/hostednews/ap/article/ALeqM5h6BfoloJOnV0TeI7eIHC1ZWuBxygD9AVS0202

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