Research Paper On The Pros And Cons Of Social Security

1593 words - 7 pages

1. There is no Social Security Crisis. The trust fund is not going to run out, and the money in it is tied up in US Government Bonds,
so it's as secure as the government is.

2. Rates of return on private accounts would not be significantly higher than the "return" on your current Social Security money.

3. It's all so far in the future that the political landscape will shift multiple times before there's any sort of crisis. In a private email, I called Social Security a busted Ponzi scheme, which Mark attempts to refute, too. As far as I'm concerned, that's all beside the point. I have the following objections: 1. Social Security is a Ponzi scheme. Calling it welfare does not make it less so. 2. It may not be Constitutional. 3. Even if it is, it's an expansion of federal powers that I'm opposed to. 4. There are no guarantees. It's not insurance. It's a welfare program, funded by a regressive tax. 5. It's part of the larger budget crisis, and the Social Security Trust Fund is being used to mask much larger budget problems. A Ponzi Scheme Social Security is a Ponzi Scheme. As discussed in this article, money from new investors is used to pay off earlier investors until the whole scheme collapses. That's exactly how Social Security is funded. According to their own FAQ: Social Security is largely a "pay-as-you-go" system with today's taxpayers paying for the benefits of today's retirees. Constitutionality Then there's the question of whether Social Security is Constitutional It was declared so in 1937, but by a Supreme Court under duress, and even the Social Security Administration says: the Court, it seemed, got the message and suddenly shifted its course. Beginning with a set of decisions in March, April and May 1937 (including the Social Security Act cases) the Court would sustain a series of New Deal legislation, producing a constitutional revolution in the age of Roosevelt. Further, the creation of the Social Security Administration in 1935 was an expansion of federal power, based on the Taxing Power of the Federal Government, initially set out in Article I, Sections 8 and 9of the Constitution, and expanded by the Sixteenth Amendment. While the sixteenth amendment is going to stand, that doesn't make it right (and for the "wing-nut view" search for Minnesota in this document to see what states may not have approved the amendment, or may have done so in violation of their state constitutions). An Expansion of Powers Even if Social Security is Constitutional, it means a huge expansion of the Federal Government. I don't like that idea. The problem with big government is that even when a problem is solved, such as the need for alcohol-enforcement agents at the end of prohibition, government seldom shrinks. Those agents who should have been dumped at the end of prohibition in 1933 were given something to do with the passage of the National Firearms Act of 1934. Rather than doing away w...

More like Research Paper On The Pros And Cons Of Social Security

Harlem Renaissance- The Pros And Cons Of The 1920's - English - Research Paper

1079 words - 5 pages ... focal parts and inspiring the distinguishing proof of dark Americans with the affliction of Jesus. Douglas' significance, most black artists of the 1920s invested little energy in Harlem. Paris was the world famous hub of dark painters and stone carvers in that decade. Fantastic figures include the painter Palmer C. Hayden, who unraveled dark legends and common laborers life; Archibald J. Diverse, best known for his artworks of urban dark social ...

The Pros And Cons About Gun Control Without Bias - English 10 - Research Paper

1829 words - 8 pages ... opinions about gun control but most do not. They do not talk about this much because they are afraid of losing votes from people who think gun control should not be a thing. This is a big problem because the spotlight is not on gun control as much as it should be because key people in our country are too afraid to talk about it. If more leaders talked about it in a strong and constructive manner, more people might see that gun control is just ...

Blinding Lights The Essay On The Pros And Cons Of Fame - Anthropology - Essay

2059 words - 9 pages ... gaining popularity is a beautiful thing. But it is also extremely hard to maintain. The side effects may have a positive or a negative outcome, depending on your actions towards certain situations. Along with the change in your life style, the three themes of adaption, addiction and the lure of adoration are the tests that simply make or break you. In the latest research on this theory, the findings are that this specific life style starts off ...

This Essay Is About The PROS And CONS Of Stem Cell Research

845 words - 4 pages ... INTRODUCTIONIs it ethical to favor the killing of unborn babies in order to extract their stem cells for medical research?The word ethics is a theory or system of moral values; the discipline dealing with what is good or bad and with moral duty and obligation. We find that the moral and ethical standings are tested when scientist and theologist go head to head in the debate over "stem cell research".In November 1998, two independent teams U.S ...

Essay On The Pros And Cons Of Abortion - Womans Studies - Essay

4660 words - 19 pages ... half of all pregnancies are unintended, and about four in 10 of these are terminated by abortion. Twenty-two percent of all pregnancies end in abortion. Each year, 2% of women of childbearing age (15–44 years) have an abortion. Most of the research on abortion focuses on the impact of antiabortion laws enacted by states to reduce the incidence of abortion. Of equal interest is the question of whether states with restrictive abortion laws also have ...

Capital Punishment - The Pros And Cons

1336 words - 6 pages ... in Texas. He too was brain damaged by continual abuse by his parents. His I.Q showed him to be semi-retarded. None of this was presented at his trial for robbery and murder. The jury took just ten minutes to find him guilty and to pronounce that he should die.More than forty others elsewhere in The United States await the same fate, among them is sixteen-year-old Sharef Cousin, the youngest person on death row.The classic moral arguments against ...

Music : Pros And Cons

281 words - 2 pages ... Many issues lie cooncering todays music. Parents complane about song lyrics and the message the song sends out to the youngsters of Americas society. Parents try to stop rappers like Eminem, Jay-z, and Ja Rule from curropting the minds of children. They say its gives them (children) ideas about drugs and crimes being that they are seeing there idols on tv rap about it. But on question i ask myself is are the parents right or are the rappers ...

Sweathshops Pros And Cons

1713 words - 7 pages ... size of MNC's they often are not able to know everything going on in each of their factories. Sweatshops are also very beneficial to developed countries, such as Canada and the U. S. as well. Although developed countries seem prosperous, they still have a population of people living in poverty. Through the use of sweatshops, multi national companies (MNCs) are able to keep their prices very low due to minimal labour costs. This way, people ...

Pros And Cons Of Affirmative Action - History - Affirmative Action

1994 words - 8 pages ... Pros and Cons Paper: Affirmative Action BY Khushi Jogani U.S. HIST-1302 25 June 2018 Introduction: Overview and Summary Statements Affirmative Action(AA) refers to a set of policies practiced by universities, employers, and government institutions to eliminate the discrimination and improve the socioeconomic status of minorities and women. Issued in 1961 by President John F Kennedy, affirmative action was a tool to redress the injustice caused ...

Effects Of Smoking: Pros And Cons - English 101 - Essay

947 words - 4 pages ... . Addiction is the fact or condition of being addicted to a certain substance or thing. The best way to break this thing called addiction is to focus on the root of the problem: the causes of smoking A main cause of smoking at an early age would be in the social aspect of today’s society. The first stages of smoking begin in the experimental stage. In the article, Why People Start Smoking and Why It’s Hard to Stop, it says “Studies show that smoking is ...

Essay Describing The Benefits Of Organic Foods And The Cons Of Non-organic - FYP- Health - Research Paper

1693 words - 7 pages ... Organic vs. Inorganic Meats Life is based on decisions. You wake up and decide what to wear, what to eat, and decide how to get to work. While choosing your next meal at a grocery store, ask yourself this question; are you more likely to buy organic or inorganic meat? Some may think this is a scam, that food industries reel you into for a couple of extra dollars. Does one really know about the backstory of these organic or nonorganic animals ...

Animal Testing Right Aleternatives And Cons With Pros Research Assignemtn For English - 11th Grade - English Assignment

582 words - 3 pages ... Beowulf begins his quest to set the Danes free from the gruesome beast. He was taught by his uncle, grandfather, and father on how to fight in a battle and win. While swimming across the sea he had to fight off Sea monsters, he expects the unexpected yet he manages to defeat each enemy that gets in his way. Soon enough Beowulf arrives to Daneland and gets a very loving greetings by Hrothgar’s wife. Beowulf begins with a sort of game plan on how ...

"e-mail Over Reg Mail", Pros And Cons, Comparison Contrast Paper

505 words - 3 pages ... of the decision to send mail by either E-Mail or Postal System. E-mail has a distinct advantage in this category. With the click of a button, ones message is sent. Whether you are sending an e-mail to a person across the street or to Afghanistan, the transfer rate is virtually the same. The Postal Delivery System takes from two days to two weeks to deliver even the smallest package. Depending on the locations of the sender and the receiver, even ...

Pros And Cons Of Using Alternative Medicine For Mental Disorders - Psychopharmacology - Essay

1385 words - 6 pages ... , ONortje, Makanjuola, Oladeji, Seedat, & Jenkins, 2015). Patients are motivated to try non-addictive, natural supplements that are easier to access. Therapists and physicians are willing to learn about holistic methods that are less intimidating to their patients to help patients better commit to treatment and development. Therapists should proceed with caution and be well-versed in the pros and cons of using alternative medicines because they ...

The American Way Is About Culture In America Its Pros And Cons - Eng 1301 - Essay

2085 words - 9 pages ... dirty and eating dirt was clean and seated in the house carpet. The dressing in my country has always portrayed who you really are. In the US, how you dress doesn’t really defy who you really are. My mom introduced me to a church pastor a few blocks from our house and what he had on really made me think how Americans have lost their way of living. He had dreadlocks and earrings and he was supposed to be a man of God, a good role model to the young ...