Another intelligent idea from Walter Williams:
I believe that a person who is 65 years old and has been forced into Social Security is owed something. But the question is, Who owes it to him? Congress has spent every penny of his Social Security "contribution." Young workers have no obligation to be fleeced in order to make up for the dishonesty and dereliction of Congress. The tragedy is that most seniors just want their money and couldn't care less about whom Congress takes it from.
Here's what might be a temporary fix: The federal government owns huge quantities of wasting assets -- assets that are not producing anything -- 650 million acres of land, almost 30 percent of the land area of the United States. In exchange for those who choose to opt out of Social Security and forsake any future claim, why not pay them off with 40 or so acres of land? Doing so would give us breathing room to develop a free choice method to finance retirement.
My husband and I would gladly get out of SS for 80 acres (even if it was in the middle of nowhere). You can read the rest of the article here.
Another very excellent economist is Thomas Sowell. I loved this quote from a recent article.
Depending on what criteria are used, you can have as much official poverty as you want, regardless of whether it bears any relationship to reality.
Those who believe in an expansive, nanny state government need a large number of people in "poverty" to justify their programs. They also need a large number of people dependent on government to provide the votes needed to keep the big nanny state going.
Think about this the next time you here poverty stats.