Walter E. Williams: Social Security is 'a rip-off of young people'
The Daily Caller -- Walter E. Williams -- 9/13/2011
http://dailycaller.com/2011/09/13/walter-e-williams-social-security-is-a-rip-off-of-young-people/
“There are three Nobel laureate economists who agree with them as well as many other people. You know, Paul Samuelson, Milton Friedman and even Paul Krugman said Social Security is a Ponzi scheme and it is a ripoff of young people to older people and represents a redistribution of income from young people to older people because young people will never see a dime of Social Security. Instead it will be bankrupt by the time they retire.”
Williams also criticized other government efforts at so-called “social justice,” and started with the government education system.
Reaching into somebody else’s pockets to help one’s fellow man is worthy of condemnation. And for the Christians among us when God gave Moses the Commandments, ‘Thou shalt not steal,’ he did not mean unless you get a majority vote in Congress.”
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