- Nov 26, 2011
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- #21
Social Security was not intended as an entitlement. The average life expectancy at its implementation was 61.7 years. It was insurance, intended for those who lived beyond the mean.Actually, the biggest hoax ever was Social Security. It dispossessed more would-be millionaires than any program in the history of any government on earth.Biggest. Hoax. Ever.
High on the list is the first implementation of Obamacare, which lived up to none of its promises., and raised everybody's medical costs yuugely.
The idea that we should replace that awful government program, with yet another big government program, is very questionable.
Only 5.4% of the population was over 65 at that time.
Today, 14.9% of our population is over 65. More than 135% of the entire population of Canada.
We need to raise the SS eligibility age to 70 and index it to 9 percent of the population.