SOCIAL SECURITY
A 7-Win Program
We must save Social Security and make it better than ever. It is the quickest, easiest thing that the next Congress can do to immediately help everyone in the country. I have strong reasons for believing that it does truly help everyone.
I call it a win-win-win-win-win-win-win program. That’s 7 wins. Seven ways that we all benefit from the program from cradle to grave. Six of those seven ways occur before we ever even receive a single Social Security check. The younger you are, the more important this issue should be to you.
Social Security: A Deeper Dive
The reasons I call Social Security a win-win-win-win-win-win-win program:
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It is a win for the immediate recipient of a Social Security check.
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It is a win for the businesses where those checks get spent.
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It is a win for the employees of those businesses as they both receive a paycheck and have more job security because their employer has more customers.
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It is a win for people who would have had to help support, or fully support, their aging parents had Social Security not existed.
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It is a win for society as a whole because it helps to prevent depressions through all of the above points. FDR knew this when he signed it into law and history has proved him right. Almost assuredly the 2007 crisis would have turned into a Greater Depression than the Great Depression had Social Security and the FDIC not been created during the Roosevelt years
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It is a win for society as a whole by allowing people, who otherwise wouldn’t have been able to retire, to go ahead and retire, leaving their job for a younger worker, thus reducing unemployment among those who are more able to work. FDR also noted this when the program was instituted.
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Through all of the above items, Social Security works to reduce poverty all of the time.
And the immediate benefit of saving this program, and improving it, is that it truly will provide a sense of security that will belong to all.
We must always remember that a pure market system compensates already accumulated wealth much, much greater than it does work. So, a tax structure that is designed to correct at least some of that misdistribution is both fair, and correct.
If elected, I will do all I can to get a Social Security-saving, and improving, bill immediately on the agenda. I will do all I can, even if not elected, by calling as much attention to this issue as possible. While there are many other issues that are also important, this is the one that can be accomplished immediately.
For more of my thoughts on Social Security, see my Substack article
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