Top 10 Worst “Accomplishments” of the American Labor Movement

2. Social Security

Social Security  is something the Labor Movement takes credit for. It is the most regressive aspect of the Federal tax on income. If you make as little as four hundred dollars a year, you must pay social security taxes. If you are wealthy, a majority of your income escapes social security taxes. People will tell you that social security benefits are yours and that they are something you have earned, but in fact what you  get as a benefit has only a very remote connection with what you paid in, and the funds are not saved for you in a secure bank account. It is the next generation that is expected to pay your benefits.

If you die before you are entitled to Social Security, and you do not leave minor children or a spouse behind, your benefits will not accrue to your heirs.  Social Security is an entitlement benefit, not a property right. Because the birth rate has been stagnating, there is a very good chance that by the time today’s workers arrive at retirement age, there will not be enough young people working to raise the amount of money needed to support all the elders on retirement. If you wonder why people are not allowed to keep their hard earned money and save or invest it as they choose, then you can thank the Labor Movement.