Finally, a well-known economist has said something about the Social Security system that no one else has said: sell federal land to pay those who have been taxed for Social Security but want to opt out of the system. Our much admired and respected Walter Williams wrote in his column of October 4, 2012:
Whether leftist or rightist; Democrat, Republican, or Independent; “liberal,” “libertarian,” or “conservative,” anyone in search of a hearing in contemporary American politics is sure to express nothing less than unadulterated reverence for our country’s Founders. Doubtless, the old cliché that “actions speak louder than words” is not without its share of wisdom. At least as true, though, is another consideration that, in spite of the regularity with which experience has born it out, has of yet failed to achieve such universal recognition: Some words speak louder than others.
One of the signs prominently held up by one of the idiots at the Occupy Wall Street mob scene read “People Not Profits.” Obviously, this numbskull doesn’t understand that without profits we would all be living in poverty, as they do in Cuba. But neither the Cuban nor Soviet governments even remotely gave up on profits. The Soviets used slave labor to mine the gold in Siberia to pay for the Communist government’s need to import goods, and the Cuban government earns profits by maintaining beach resorts for foreign tourists.