Gigantic problem |

Gigantic problem

Social Security has one gigantic problem. That is the $1.6 trillion that our government has stolen from the Social Security fund. Income consists of the workers Social Security tax and interest from bonds. Expenses consist of payments to retired workers and payments of excess income into the Social Security Fund. This excess fund money is stolen by our government and replaced by low interest bonds. Our government will never have the money to redeem these bonds. We live in a capitalist system which is based on private and public ownership of stocks, bonds and private property. Everything we own: houses, cars, real estate and business is a product of this capitalistic economy. The following organizations invest in stocks and bonds with good results: government pension plans, state pension plans, banks, insurance companies, 401(k) plans, rich people and poor people.

The Dow Jones Industrial Average has risen from 40 in 1933 to 10,796 this year. Dividends have increased many times. If the excess money in the trust fund had been invested in stocks, the fund would have in it an estimated $5 trillion instead of a missing $1.6 trillion.

Excess funds in stocks will grow and keep them from being stolen.

Thomas Crosswhite

Grass Valley

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