Berkeley CSUA MOTD:Entry 12412
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2004/2/26-27 [Politics/Domestic/SocialSecurity] UID:12412 Activity:high
02/26   http://polls.yahoo.com/public/archives/57019568/p-quote-312
        But that isn't how Social Security calculates initial benefits,
        at least since 1977. Instead, lifetime earnings are indexed
        by the annual change in average national wages--a procedure
        called wage indexing. Sound like a small technical difference?
        In fact, some authors have pointed out, the entire projected
        Social Security shortfall of 25 trillion dollars can be shown
        to disappear, merely by switching these two techniques.
        \_ it's on yahoo. Go post there if you care.
        \_ So instead of basing SS payouts on income earned, it becomes
           based on the cost of consumer goods.  So under a new system:
           as things get cheaper, your SS payout gets smaller.  Under the
           old system:  as wages rise, so does your payout.
           \_ It doesn't sound like a small technical difference at all.
              Under the old system, SS had to track your success in life.
              Under the new system, SS merely has to track the cost of
              subsisting you.  This is a HUGE difference, morally, considering
              the huge chunk of people's (generally rising) wages that have
              to be contributed to SS.  Of course under this new system SS
              will not be bankrupt -- it just takes your money but only
              provides subsistence in return.  How about we change SS so
              participation is voluntary?  This will fix it instantly. -- ilyas
              \_ [Someone deleted the nifty anti-socialist troll.]
              \_ no, no, no, we can't have voluntary participation.  how else
                 will we reach socialist nirvana if we don't soak the people
                 who work the hardest to support the least capable?
                    [deleted again]
                    [restored because I like seeing socialists cry and whine
                     after they get put in their place on the motd]
                     \_ Except that you didn't restore the part where YOU got
                        put in your place.  Selective restoration is even more
                        dumb than selective deletion.  Goodbye.
                        \_ You're a big baby.  I restored the parts I have from
                           my own files.  If you added something else after
                           that which I never saw, tough shit, babycakes.
                           \_ Uh, huh.  Whatever, big boy - I'm not the one
                              throwing around the word "socialist" like a big
                              club...
                 \_ Shaddup troll.
                    \_ Die, socialist scum!  The opposing view isn't a troll,
                       it is the opposing view.  If you had something worth
                       saying on the topic, you'd say it.  You don't so stop
                       wasting bits.
                       \_ Die socialist scum?  Who's wasting bits?
                          \_ Just playing along with the theme.  The rest of
                             what I've said in both comments above remains
                             true, accurate, and unrefuted.  Get a sense of
                             humor.
                    [restored because I like seeing socialists cry and whine
                        dumb than selective deletion.  Goodbye.
                     after they get put in their place on the motd]
                 \_ Sigh. What's wrong with wanting a society where every
                    man, woman, and child is guaranteed nutrition, shelter,
                    healthcare, safety, and a decent education? Social
                    Security is just one small step in the right direction.
                    Don't trash the idea just because the current system needs
                    overhauling.
                        \_ The problem is you want to coerce someone else to
                           take your view at gunpoint - that is what is
                           'wrong'.  Also recognize that those individuals
                           using the same code words as you - Hitler, Stalin,
                           Lenin, and Mao... - were directly reponsible for
                    overhauling.
                           10's of millions of deaths in the 21th century.
                           Shouldn't that be of some concern?
                    \_ There is nothing wrong with wanting something like this,
                       but you have to accept the consequences of the means you
                       would use to achieve such a society.  The problem is,
                       I can keep expanding the scope of entitlements that
                       would be good (what if I want to guarantee decent
                       nutrition for all pets, or some minimum level of
                       prosperity for every human being, or guaranteed
                       college education, etc. etc. etc.)  Eventually you end
                       up extinguishing property rights altogether, but at
                       least everyone has some minimal level of something or
                       other.  Is the price worth it?  Everyone becomes a
                       pauper.  It's also worth it to think about _why_ SS
                       needs overhauling.  Is it an accident, or a pattern?
                        -- ilyas
                       \_ Any system, whether  socialism or libertarianism
                          makes no sense when taken to ridiculous extremes.
                          You just have to hope that the people in control
                          (hopefully voters) have enough sense to choose a
                          happy middle ground.
                          \_ Well, I am an optimist.  I d like to believe that
                             the best society isn't just some arbitrary
                             middle ground between competing ideologies,
                             twitching in some state of unsteady equilibrium,
                             subject to vagaries of the election season and
                             voter mood swings. -- ilyas
                             \_ Ilya, I think you're an "idealist" rather than
                                an optimist.  The problem with idealists is
                                that reality never conforms to an ideal.
                                \_ When I lost my idealism I stopped being a
                                   libertarian.  -- !ilyas
                             \_ You are not an optimist, you are a kook at
                                best, an extremist at worst.
                                \_ But he's our kook and we love him.
                                \_ But he's our kook and we love him.
                                \_ They are not exclusive. You can be both.
                                \_ They are not exclusive. You can be both.
                                \_ Lenin would have called you a 'useful
                          New Zeeland, The Netherlands all started in this
                                   idiot'
                       \_ You keep claiming this ilyas, but can you give
                          an example of any society anywhere in history
                          that went down this slippery slope? Sweden,
                          New Zealand, The Netherlands all started in this
                          direction and have since then cut taxes and social
                          benefits as they see the longterm cost to their
                          economies. -ausman
                          \_ This is a weak argument for two reasons.
                             (1) We might not have given enough time to Western
                                 socialism.  Eastern socialism is older, and
                                 collapsed.
                             (2) Even if you are right, and it will never
                                 happen (or at least not any time soon), would
                                 you really want to live in a society where the
                                 only thing stopping complete soviet style
                                 income redistribution is expedience and voter
                                 inertia?  How do you know these forces, which
                                 the pragmatic relies on so much, will
                                 not give out one day? -- ilyas
                          \_ Where did Sweden makes cuts?  New Zealand?
                             \_ Maybe he meant Germany. I think the point is,
                                these countries haven't gone headlong into full
                                socialism or communism and don't appear likely
                                to ever do so. It's true that their taxes
                                harm their economic competitiveness. But life
                                is about more than cold efficiency.
                                \_ Harm the economy enough and there won't be
                                   enough wealth available to support the
                                   system.  These sorts of supplemental
                                   assistance programs are draining off the
                                   economy.  I don't believe in cold hard
                                   efficiency but I don't want to see the
                                   whole system suffocate in it's own feces.
                             \_ Okay maybe Sweden is a bad example. I seem
                                to remember The Economist claiming they
                                had cut their social benefits, but if you
                                look at government spending as a percentage
                                of GDP, it has gone down in New Zealand,
                          economies. -ausman
                                   efficiency but I don't want to see the
                                   whole system suffocate in it's own feces.
                                   citizenry, and you don't have to privatize
                                   all basic services in order to support
                                   a prosperous economy.
                                Germany and The Netherlands over the last
                                decade.
                                http://csua.org/u/66p -ausman
                                \_ The real point is this: Sweden, New Zealand,
                                   and Switzerland are positive examples of
                                   places that have great social benefits
                                   _and_ still support businesses.  You don't
                                   have to abolish all property ownership in
                 of supplemental income system so poor old people who are no
                 longer able to work don't have to eat catfood.  That's not
                                   order to provide the basics for your
                                   citizenry, and you don't have to privatize
                                   all basic services in order to support
                                   a prosperous economy.
                                        \_ For a generation such a system
                    \_ The fact that you think this is actually important is
                       at the heart of your ridiculousness.
                                           can exist, especially when national
                                           defense is paid for by Uncle Sam;
                                           these are already showing signs
                                           of decay and have < 20 years before
                                           bankruptcy.
           \_ I guess it depends on whether you see SS as a retirement system
              or a safety net. It was never really designed to be the former,
              but politicians have found it politically expedient to keep
              expanding benefits and including more and more people in it.
              The only way it works fiscally is as the latter. This is what
              it originally was intended as. Eliminate the survivor and
              disability benefits and the system would work fine.
              \_ You're trying to tell the motd about the need for safety nets?
                 Good luck, dude.
              \_ Makes a lot of sense to me, SS as a safety net, not a
                 retirement system, and I'm a libur'l.
              \_ I'm a conservative.  I'm in favor of safety nets and some sort
                 of supplemental income system so poor old people who are no
                 longer able to work don't have to eat cat food.  That's not
                 what the current system is about today.  It's a publicly
                 known fact for many many years that the system *can't* last
                 as it exists now.  I've never expected to get a single penny
                 from the system.  I see it as part of my federal income taxes
                 and nothing more.  All out-go, no come-back.
                 \_ Can you summarize your (conservative) position in some
                    small set of principles?  -- ilyas
                    \_ The fact that you think this is actually important is
                       at the heart of your ridiculousness.
                       \_ Yes, I think principles are important.  Sorry, I ll
                          try to be less kooky next time. -- ilyas
                    \_ No.  Life is more complicated than that.  That's one of
                       things that is wrong with the libertarians and the
                       various smaller one-item political parties. --conser.
                     \_ I can - I believe it is incumbent on every individual
                 as it exists now.  I've never expected to get a single penny
                 \_ Can you summarize your (conservative) position in some
                    small set of principles?  -- ilyas
                 \_ catfood is a good deal more expensive price/nutrition-wise
                 from the system.  I see it as part of my federal income taxes
                 and nothing more.  All out-go, no come-back.
                 \_ Can you summarize your (conservative) position in some
                    small set of principles?  -- ilyas
                    \_ No.  Life is more complicated than that.  That's one of
                       things that is wrong with the libertarians and the
                       various smaller one-item political parties. --conser.
                        (except for the retarded or disabled) to take
                        responsible actions throughout their lives and live
                        with the consequences.  This is called 'freedom';
                        the freedom to succeed and the freedom to fail.  I
                        believe in equal opportunity, not economic equality
                        by government fiat.  The rule of law; a government of
                        laws and not men.
                        \_ Providing for a minimum economic floor is not the
                           same as economic equality. Why should those retards
                           get a free lunch when even millions of below-
                           average people "fail"? The fact is that even with
                           best efforts people can fail. And others can do well
                           enough to get by most of the time... but how many
                           can become independently wealthy? Your freedom is
                           just greed. "i'm fine, fuck the losers".
                                \_ No, I am a huge proponent of charity, faith
                                   based or otherwise.  You instead, want to
                                   coerce me at gunpoint to pay to assuage
                                   your conscience.  You are thief backed up
                                   by government fiat; that's tyranny.
                                   You are elitist statist and what Lenin would
                                   call a 'useful idiot'.  American used to be
                                   place of rugged indvidualists who would balk
                                   at the idea of a gov't handout; now we have
                                   weak paintywaists who believe they have an
                                   enshrined constitutional right
                                   to cradle to grave care from
                                   an authority figure.
                                   Here's a great exegisis:
                                   http://csua.org/u/66u
                                   \_ Tell us, little chile, of the old
                                      Americans.  Which John Wayne movies
                                      did you learn of them from?
                 \_ cat food is a good deal more expensive price/nutrition-wise
                    than human food.  Go go marketing...
                    \_ I don't think that was always the case.  Anyway, dry
                       dogfood is quite cheap, if you buy the right brand.
2025/05/24 [General] UID:1000 Activity:popular
5/24    

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Cache (1263 bytes)
polls.yahoo.com/public/archives/57019568/p-quote-312
Investing Beginning Investing Choosing a Broker DRIPs & DSP Plans Stocks Bonds Mutual Funds Investment Clubs Personal Finance Banking Basics Debt Management Insurance Loans Retirement Finance Quiz Quiz Tracker Polls Archive Yahoo! Finance Bond Center Mortgage Center Mutual Fund Center Options Center Planning Center Tax Center . The philosophy behind Social Security is that benefits bear a relationship to a workers earnings. As some workers earnings take place over a different set of years than that of other workers, there needs to be a way to treat equally, or normalize , earnings that take place in different years-that is, by different age cohorts . One familiar way to do that is to adjust wages earned in a given year by the price of consumer goods in that year-and indeed, this is how annual benefit increases after the initial benefit level is determined are handled. But that isnt how Social Security calculates initial benefits, at least since 1977. Instead, lifetime earnings are indexed by the annual change in average national wages-a procedure called wage indexing. In fact, some authors have pointed out, the entire projected Social Security shortfall of 25 trillion dollars can be shown to disappear, merely by switching these two techniques.
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csua.org/u/66p -> www.ssb.no/english/subjects/12/01/skattoecd_en/arkiv/tab-2000-12-13-01-en.html
Table 1 Total tax revenue as percentage of GDP, OECD countries. Guide Search Querie Help. OECD revenue statistics. Total tax revenue as percentage of GDP 1 , OECD countries 2. Sweden. Denmark. Finland. Belgium. France. Luxembourg. Italy. Austria. Netherlands. Norway. Poland. Greece 3. Czech Republic. Hungary. Germany. Canada 3. New Zealand. United Kingdom. Ireland. Switzerland. Spain. Portugal. Iceland. Australia. United States 3. Japan. Turkey. Korea. Mexico. Unweighted average:. Norden. EU 15. OECD. Weighted average:. Norden. EU 15. OECD. Source: Source: Revenue Statistics of OECD Member Countries.
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csua.org/u/66u -> www-hoover.stanford.edu/publications/digest/031/dsouza.html
T he recent corporate scandals have given some people the impression that the big corporation, not big government, is the main threat facing the American people. Indeed liberal Democrats assert, with renewed confidence, Big government is necessary to counter the influence of big business. Yes, the corporate crooks should be punished, and it may take agents of the government, namely cops, to lead them off to jail. But the broader lesson that some people are drawing from these scandals is entirely wrong. Big business in general poses little danger to the freedom or welfare of Americans. However big the business, its power over the average American is quite limited. He must convince me to call up and order a Dell computer and give the Dell people my credit card number. Now I would never do this unless I was convinced Dells computer was worth that money. Dell must win my consent before he can get a single dollar out of me. Let me illustrate with an example, which I have drawn from economist Walter Williams. The federal government has a program called Social Security that is intended to help me save for my retirement. What if I were to say: I appreciate the gesture, folks, but no thanks. I am not going to pay any Social Security taxes, and I forgo any future claim on benefits. When I am old and cannot support myself, I will draw on my private savings, or rely on relatives and friends, or appeal to private charities. This may seem like paranoid speculation on my part, so lets explore the hypothesis further. I, taking my gun out of my desk drawer, make whatever attempts I can to protect what is mine. Since I am a poor shot and there are many more of them, the outcome can be told in advance. The purpose of this anecdote is to show that what distinguishes the government from the private sector is the power of coercion. In some ways the most insignificant government bureaucratthe parking meter attendant, the IRS examiner, the guy at the Department of Motor Vehicles, the immigration officialhas more power over me than the CEO of Dell Computer or General Electric. And this power of coercion, which is inherent in the nature of government, fundamentally undermines the claim that the government is doing a moral thing by helping people. I am walking down the street, eating a sandwich, when I am approached by a hungry man. Now if I give him the sandwich, I have done a good deed, and I feel good about it. The hungry man feels grateful to me, and even if he cannot repay me for my kindness, possibly he will try to help someone else when he has the chance. So this is a transaction that benefits both the giver and the receiver. Instead of being thankful to me, however, the man feels entitled to this benefit. In other words, the involvement of the state has utterly stripped the transaction of its moral value, even though the result is exactly the same. I am approached by the hungry man, as before, but this time, instead of agreeing to share my sandwich, I refuse to do so. Along comes a third man, who pulls out a gun, points it at my head, and forces me to hand over my sandwich to him, upon which he gives it to the hungry guy. I think most people would consider him an unscrupulous thug who should be apprehended and punished. Yet when the government does precisely the same thingforcibly seizing from some in order to give to othersthe liberal insists the government is acting in a just and moral manner. Although the welfare state has lost some of its legitimacy, the federal government is still too large and overbearing. Unlike big corporations, the federal government has the coercive power to confiscate our earnings and control our lives. Over the past few decades, the expansion of government has led to a diminished sense of freedom and personal responsibility. Ronald Reagans dictum remains pertinent: Big government is not the solution;