i dont see why ssi should be means tested. this would eliminate a large portion of our society that provide needs and goods for our system that monetarily dont have enough value, but arguably has great social value (like motherhood). also means testing leads to so much bullshit and bureaucracy.
i do agree however that it should not be a pay as you go system that transfer wealth from the youth to the elderly. the one reason it is so politically untouchable is that the current elderly basically paid very little for what they're getting out of it and the elderly are politically powerful.
SSI should be an individual tax free savings account, with the government helping out poor people save. like a small percentage of your income goes into a tax free account that can only invest in stable investment vehicles and the government uses the surplus from people with higher income to supplement lack of input from lower income people and set the input at some fixed amount. you get it back tax free when you retire.
general revenues should not be allowed to fund SSI. SSI shouldn't even be left at the hands of the government.
Originally Posted by musicmax
You think incorrectly. Sentient beings recognize that govt expansion is not a partisan proposition. Nixon declared "we're all Keynesians" and closed the gold window. A first class stamp at the start of the Nixon presidency cost the same as it did a century prior, six cents. From a monetary perspective, Wilson (enacted the Fed), FDR (devalued the dollar by decree and outlawed gold ownership) and Nixon (made all money political fiat money) are the Axis Of Evil
Cut it all. There are seventeen enumerated federal powers. Eliminate everything else.
i'm not talking about monetary. i'm talking about expansion of federal programs like medicare, medicaid, and ssi.
whatever. anything i tell you is highly unlikely to turn into an intelligent conversation. you think far too simplistically. you can't simply blame all economic evils on movement away from gold based currency. inflation still occurs under gold. monetary value of gold is easily manipulated. a floating currency based on all other currencies makes far more sense than basing a currency on an actual metal that countries have varying amounts of. there is also not enough gold at current prices to use as the currency for the whole economy of the us
what you really want is low inflation and that's something the fed could do, but doesn't always. but that doesn't make the fed an axis of evil. if it was used properly you could get it to do what you think the country should do.
nobody is going to totally abandon something that is the status quo like the fed so you might as well whine about something else.