Re: Should Social Security be eliminated entirely?
Nielsio,
The people who make these decisions are those in congress, not those in the govt. department. As such, this is no different to a large business with a subsidiary run by managers.
Apart from that, you make a good point about efficiency being decided by people instead of the market.
OP,
The safety net needs to be there. Not so much for the young, but older people (the workers and taxpayers of years gone by) definitely both need and deserve it. If you wanted to do this, the only fair and orderly way to do this, that causes the least amount of suffering, is to slowly phase it out by abolishing free health care for current under 20s.
Still, I'm of the opinion that a decent percentage of the population cannot adequately care for themselves and plan for the future, and I think society is better off is we spend a negligible portion of resources (5% of the GDP) on protecting them. It's no different to a tribe which takes care of its sick and old members. Just on a larger scale.
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