Social Security isn’t an Absence in belief

On 9/3/2010 2:54 PM, DanielSan wrote:
> On 9/3/2010 8:55 AM, Beam Me Up Scotty wrote:
>> On 9/3/2010 11:04 AM, Michael Coburn wrote:
>>> On Thu, 02 Sep 2010 15:40:11 -0400, Beam Me Up Scotty wrote:
>>>
>>>> On 9/2/2010 3:24 PM, DanielSan wrote:
>>>>> On 9/2/2010 12:14 PM, Beam Me Up Scotty wrote:
>>>>>> On 9/2/2010 3:39 PM, Michael Coburn wrote:
>>>>>>> On Thu, 02 Sep 2010 11:35:00 -0700, Davej wrote:
>>>>>>>
>>>>>>>> On Sep 2, 1:09 pm, DanielSan wrote:
>>>>>>>>> [quoted text muted]
>>>>>>>> So then the government can simply start stamping these bonds
>>>>>>>> “redeemed” and sending out the SS checks.
>>>>>>>
>>>>>>> That is essentially correct. It will show up in the real budget
>>>>>>> (excluding SS income and outflow) as a larger deficit than would
>>>>>>> otherwise be the case.
>>>>>>
>>>>>> That makes my money worthless.
>>>>>
>>>>> You cash /is/ worthless. It’s just a strip of paper/fabric mix
>>>>> printed
>>>>> with green ink.
>>>>>
>>>>> What creates the value of that little strip is the government backing
>>>>> its value.
>>>>
>>>> By government printing more, mine becomes worth less. If you take a
>>>> pie
>>>> and cut it into 4 pieces, any further cuts will just reduce the
>>>> value/size of each piece.
>>>
>>> The value of a dollar depends on the reclamation of dollars via
>>> taxation. The conversion of money and clearing balances into T-Bills
>>> just parks the money for a while. Those devices are still easily
>>> convertible to dollars in the secondary market. Only taxation removes
>>> money from the world and thus supports the value of the money.
>>
>>
>> Spending is saving
>
> You clearly don’t understand the concept of “investing”.
>

So you argue that the rich have all the money and they hoard it and we
need redistribution because the rich remove money from the world, until
now when you say tax is the only way to remove money…… and you say
the rich don’t remove their money creating the poor. If the rich
holding onto their own money doesn’t “remove” money from the world, then
why do you need to take it from them?

Obviously the rich are supporting “The conversion of money and clearing
balances into T-Bills just parks the money for a while. Those devices
are still easily convertible to dollars in the secondary market.”

So the government tax is stealing from the poor, rather than the rich
who keep their money and the economy moving.