[Vision2020] Social Security (was: public schools & indoctrination)

[Paul Duffau]

Scott,

First, sorry to take so long to reply...it's that "going to work" issue.

Under the current system, the benefits of Social Security end upon a 
recipients death.  African-Americans have a significantly higher mortality 
rate than other population groups,   ie. whites.  If two individuals 
contribute equal sums to Social Security but one dies before the other, a 
disparate impact is realized.  When a disparate impact is felt, the courts 
have ruled that remedial action must be taken as the result is 
discriminatory in practice though not necessarily in intent. If, however, 
that individual "owns" his Social Security, then the next generation 
receives  the assets as part of the inheritance.  That would eliminate the 
disparate impact.

In short, privatizing Social Security would mean that it is a transferrable 
asset unlike the current program which is best described as a Ponzi scheme.

At 07:20 AM 11/13/03 -0800, you wrote:
>Paul,
>
>Please provide more information of how privatization
>of Social Security would create a "transfer of wealth"
>and why this is prohibited under the present system
>and yet allowed under a privatized system.
>
>-Scott