Some of you billionaires and
assorted hangers-on now are pushing your agents in Congress to 'defund' Social
Security.
You may have one or both of
two rationalizations for your idea:
First, it's a lot of money
and you just want to take it away from old and sick people.
I'll call that Greed, plain
and simple.
Or...
Second, you don't give a
flying f--k about the money - you just want to hurt other people.
I'll call that Hatred.
Know this: If you are partly
or wholly in the second group, KARMA WILL come for you. It is only a matter of
time.
May God have mercy on your
soul.
BUT, if you're in the greedy first
Group and you just want all the money, perhaps you think you can get it by
reducing payments to old and sick people. But, that’s wrong, plain and simple.
[BTW, I am staggered by your
ignorance.]
Here’s how it really works:
Most of the money circulating in our economy goes directly to businesses.
As billionaires, you already
own most businesses. Therefore, you already receive the money people spend.
Reducing Social Security will
reduce the total amount of money all people receive.
Thus, reducing Social
Security will reduce the amount of money you receive.
I repeat: IF you reduce
Social Security payments, that reduction WILL reduce YOUR INCOME.
Here’s some Economics to sort
it out:
Economists measure economic
activity by counting ALL the payments that people and/or households spend. That’s
called the Gross Domestic Product or GDP for short; the money value of the goods
and services produced in a country in a year.
Look at the Circular Chart below.
GDP is the spending side or top of the circle, or Consumption/Purchases, Savings/Investment and Taxes/Government Purchases.
When businesses receive
revenues from Consumers, expanding businesses’ investments and Government
purchases, the businesses then hand it back to households in the forms of wages, rents,
interests and profits.
Literally, what goes around,
comes around.
What happens to you if you reduce
Social Security by $ 1.0 Trillion?
Here are some numbers: a One
Trillion Dollar cut in Social Security payments will reduce consumption
spending and GDP by about $2 T in the first year and a total of $5T at the end
of five years.
I repeat: Reducing SS
payments by $1.0 T reduces YOUR INCOME BY $2.0 T in the first year.
That’s a bad deal for you and
for the rest of us.
We are in this together, like
it or not…………….
