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Title: Question - must we sign up for Medicare?
Source: [None]
URL Source: [None]
Published: Mar 12, 2011
Author: me
Post Date: 2011-03-12 18:25:54 by Lod
Keywords: None
Views: 265
Comments: 25

Any information will be greatly appreciated.

Thanks.

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Begin Trace Mode for Comment # 25.

#25. To: Lod (#0)

Hi Lod,

This inquiry should have been posted under "whistling past the graveyard".

And as for Medicare or any other Federal entitlement, you may be better served by "pre-ordering a shopping cart and cardboard box" for your future residence.

My humble suggestion is to begin planning early for retirement by saving "real assets" such as precious medals, real estate, etc. and never, never depend on a "political promise" when your existence and dignity are at stake.

None other than FDR said Social Security revenues "are collected in the form of taxes...held by the government solely for the benefit of the worker in his old age." Roosevelt added: "We put those payroll contributions there so as to give the contributors a legal, moral and political right to collect their pensions."

This rhetoric is as warm as a fireside. Too bad the notion of guaranteed benefits - like so many of Social Security's supposed advantages - is all wet.

Americans actually have no property rights to their Social Security "contributions." Unlike private pension funds, which actually belong to workers, Americans have no legal claim on the money Uncle Sam theoretically salts away for their golden years.

This startling news broke 39 years ago in the case of Fleming v. Nestor. Bulgarian immigrant Ephram Nestor was deported in 1956 for being a Communist in the 1930s. After Congress prohibited Social Security benefits for deportees in 1954, Nestor sued. He claimed title to his FICA tax payments between 1936 and 1955. The Supreme Court disagreed. As it ruled, "To engraft upon the Social Security system a concept of 'accrued property rights' would deprive it of the flexibility and boldness in adjustment to ever-changing conditions which it demands."

This decision reflected the Court's precedent in Helvering v. Davis. In 1937, it ruled that Social Security taxes "are to be paid into the Treasury like any other internal revenue generally, and are not earmarked in any way." (It's Not Your Money: Americans Have no Right to Social Security Benefits by Deroy Murdock June 22, 1999)

Otto von Bismarck, chancellor of Germany from 1871 to 1890, an aristocrat, a monarchist, and a Prussian nationalist, put in place the first social security system in 1889 in Germany. The U.S. Social Security Administration, on its website, traces its intellectual roots to Bismarck and to the 19th century European idea of the welfare state. Despite his impeccable right-wing credentials, Bismarck would be called a socialist for introducing these programs, as would President Roosevelt 70 years later. In his own speech to the Reichstag during the 1881 debates, Bismarck would reply: "Call it socialism or whatever you like. It is the same to me." (http://www.socialsecurity.gov/history/ottob.html)

Bismarck hated communism. His motive in introducing socialized medicine in Germany was to buy the loyalty of the German masses as a means of keeping them from becoming communists. Bismarck adopted "nationalistic socialism to end international socialism"-- to use his own words. To use other words, Bismarck was thefirst leader of a great nation to fight communism by adopting communism. (Association of American Physicians and Surgeons, Inc., A Voice for Private Physicians Since 1943 Omnia pro aegroto, “Socialized Medicine” By Dan Smoot ..Reprinted in 2000 from The Freeman, April, 1960, with the permission of the Foundation for Economic Education, Irvington-on-Hudson, NY 10533)

Yours in Observing Any Wonder Congress Opts Out of SS Taxes?,

Patrick

PatrickHenry  posted on  2011-03-13   18:22:15 ET  Reply   Untrace   Trace   Private Reply  

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