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Social security - A sacred cow of a system?



SOCIAL SECURITY:
A SACRED COW OF A SYSTEM


A discussion with Mike Nahan, Executive Director, Institute of Public Affairs, Australia, and Richard Salsman, head of InterMarket Forecasting, and spokesperson for the Ayn Rand Institute, USA, on how to scrap the government run Social Security system in a way that's fair and viable.

Topics covered include: The history of Social Security and its German and Marxist roots. SS as an instrument of egalitarianism. Comparing America, Europe, and Australia. The big mistake of the 1935 Great Depression. The 'Salsman Plan'. The moral issue of compulsorily funding government SS. Comparisons with privately run retirement and superannuation systems. The effect on savings. Welfare spending. Work-for-the dole. Minimum wages.

Richard Salsman's company: Intermarket Forecasting

Richard Salsman Media Release: Get Government Out of Social Security

The Salsman Plan
Updated September 30 2001: “Social Security is Much Worse Than a Ponzi Scheme – and Here’s How to End It” (Forbes.com - September 27, 2011)

Institute of Public Affairs publications

Some Papers by Mike Nahan

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RichardSalsman@prodos.com, or to MikeNahan@prodos.com

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Transciption of this interview on its way.
Thanks to Ed Rogers.



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