Originally posted by GeosAlien
Originally posted by Becker44
Socialism is great until you run out of other people's money.
second line
Becker
Great statement for the fun of it.
But seriously, this is not happening, as it doesn't happen to pension funds, insurance companies and the like. No worry, governments taxation systems
will top up the shortages.
This is happening in socialist countries and guess even in the USA...
So where are we talking about ??
[edit on 18-8-2010 by GeosAlien]
I can't tell if you are joking or being serious.
Given that this is ATS, I'll assume you are being serious.
If the average person was to take all of the money they put in to socialist security over their life, and purchase gold with that money, they would
have at least a half million to retire on.
Of course, since the gold would be their property, they could pass it on to their kids, donate it to charity, or do whatever else they wanted to do
with it.
Today socialist security is bankrupt as its income stream is now less than its outflows. This obviously requires that the government use more
violence to loot the public as well as raising the retirement age in order to make it solvent once again.
Of course, if you should die before retirement age, the State keeps your property. Thus the State has an active interest in seeing you dead as soon
as you have outlived your usefulness.
Without guns and brutal totalitarian violence, socialist security would be impossible because no one in their right mind would willingly invest in
it.
[edit on 18-8-2010 by mnemeth1]