I have been warning that we are headed directly into the collapse of socialism; not capitalism, simply because politicians have been bribing people’s votes with all sorts of promises they never planned on providing. Social Security may have began as a good idea, but then the money was really just a tax and the fund was stuffed with government bonds denying the average person the very right to invest for his future as do the “rich” who make most money from investment – not wages.
The core of that crash and burn in socialism is pensions. The scheme of pensions when blended with politics is a lethal combination. Politicians are NEVER prosecuted for fraud. Had any employer promised what politicians did and then engaged in every scheme to circumvent it, they would be in prison or hung by a mob in the good old days of social justice. Today, we have politicians who are just so dishonest and they constantly feed the flames of class warfare to divert any responsibility for what they have done.
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