Wednesday, June 01, 2005

The lead story in most news media this week concerns to the manner in which Social Security is funded and distributed. A poll published today shows that 72% of the respondents approve of a plan whereby successful wage earners will pay considerably higher Soc. Sec. tax and receive lower benefits.

This plan has a formal title, but you will never hear its proponents use the words. The title is, “From each according to his ability; to each according to his need.” If you recognize the title, you may recall what happened to every government tried it.

Regardless, we will try it again. I can’t help but be reminded of the old Rocky and Bullwinkle Show. As you may recall, at some time during the show, we would see Bullwinkle with his hand in a magician’s hat as he mumbled some incantation. Rocky would whine, “That trick never works“ and Bullwinkle would utter the hopeful words, “This time for sure“.

Well, Socialism never did work and never will work. At least not with humans. Try a different species and you may have a winner.

The reason that it will be tried is easy to understand. It sounds good. If you have more than I, you must give me some. The reason it will never work is just as obvious, but it is only obvious to people who dare to think about it. Very simply stated, if you have a disconnect between productivity and reward, productivity will dry up and the demand for reward will grow. As every socialist nation has discovered, without equitable reward, you can only get productivity by way of forced effort.
Every socialist nation vows to avoid the unavoidable. They will do it, but will limit the downside. They remind me of the old joke about the boy who was told that if he kept doing it, he would go blind. His reply was that he would quit as soon as he needed glasses.

If our friends in Washington don’t need glasses yet, at least they need a good optometrist.



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