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Social insecurity

Posted

To the editor:

A brief explanation in regard to Social Security and socialism. A Social Security check is not a socialist program. If it were a socialist program, the amount that every individual contributed to it would be the same, and the amount of the benefits received (paid out) by each individual would be the same (that is not reality).

The U.S. idea for a social security system had come from 19th-century Germany. The capitalist monarchy launched an old-age social insurance program in 1889, by the edict of Chancellor Otto von Bismarck.

Socialism is an economic system whereby workers co-own and produce goods and services and share in the profits.The government owns and controls major industries. The economy is centrally planned, and the government provides the majority of goods and services for its "citizens." Socialism is a flawed economic system; it cannot succeed in modern economies because hundreds of thousands of enterprises produce millions of products. And modern economies are too complex to plan. Without a market economy, a strong safety net is not possible.

Robert Sica

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  • krell1349

    These republicans that talk about Socialism and Communism don't even know what these systems are. It's just a talking point. Let MTG explain Socialism. No way she can.

    Saturday, September 7 Report this