Government Solutions Inefficient & Uncreative
by Jason IveyPolling data, as well as anecdotal evidence suggests two things: Liberals especially and even some who are loosely conservative and/or those who are economically near-illiterate, assume A) money grows on trees; and B) anything the government does can only be done by the government.
I often think for a group of people (the Left) who pride themselves on their intelligence, their solutions are always predictably simplistic and uncreative. How difficult is it, really, to identify a problem, and then always resort to the exact same “solution”: more spending of money; or rather, more transferring of money from one place to another?
Social Security is a prime example. If the federal government did not administer Social Security, would we suddenly see American streets filled with starving, destitute elderly people? Would they simply wither away and die without this precious life-saving entitlement from the federal government? This assumes there would be a need within the economy no one would think to fill.
If the federal government stopped providing this service, would it no longer exist, or would enterprising financial institutions fill the void? It’s not far-fetched to imagine you could set up a very similar insurance system with a banking institution, taking money paid into it to use as savings, loaning it back out and investing it, much like the way annuities work. Call it a mandatory annuity.







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