End Social Security Now

Star Parker has some excellent thoughts on why simply "reforming" Social Security is a bad idea:

If this seems radical, I'll ask one question. If Social Security did not exist, and we attempted to enact today a system like we currently have, would it pass? The answer is unquestionably no. There is no way that any working American would agree to turn over to the government 12.4 percent of his or her paycheck in exchange for a benefit that has no guarantee, on which ownership has been relinquished and that is less than what could be obtained by buying risk-free government bonds. No way. Zero chance.

If no working American in his or her right mind would buy into Social Security today if there were a choice, then what does it mean, in our supposedly free society, that there is not a single politician who will openly discuss giving us the option to get out? What it means is that Social Security reform, as currently discussed, is focused on bailing out politicians and not American citizens. When politicians tell us that they are dedicated to "saving Social Security," they are telling us that they know the system no longer works, but they don't have the courage to end it. They are telling us they don't want to do the hard work of figuring out how to meet obligations to those who have already paid in and allow working Americans the option to exit from a very bad deal.

I know I will never see the end of Social Security, but I hope someone buries it before too many more generations hand over so much wealth to the politicians for so little in return.