Relay-Version: version B 2.10 5/3/83; site utzoo.UUCP Posting-Version: version B 2.10.1 6/24/83; site cadre.ARPA Path: utzoo!watmath!clyde!burl!ulysses!mhuxr!ihnp4!zehntel!hplabs!hao!seismo!harvard!godot!mit-eddie!genrad!decvax!mcnc!idis!cadre!geb From: geb@cadre.UUCP Newsgroups: net.flame Subject: Re: Social Security Message-ID: <145@cadre.ARPA> Date: Thu, 10-Jan-85 12:35:06 EST Article-I.D.: cadre.145 Posted: Thu Jan 10 12:35:06 1985 Date-Received: Mon, 14-Jan-85 00:49:34 EST References: <222@cmu-cs-cad.ARPA> <580003@acf4.UUCP> Reply-To: geb@cadre.ARPA (Gordon E. Banks) Organization: Decision Systems Lab., Univ. of Pgh. Lines: 19 Summary: >It (replacing Social Security with IRA's or their ilk) sounds good BUT: > >what of the guy who waits till he's 59.5, takes all the money out of >his IRA account, and losses it it (spends it/ gambles it, etc.). > >Now he's old, and broke. Does society support him, or let him starve?? > > >------------------------------------------------------ >Ross M. Greenberg @ NYU ----> { allegra,ihnp4 }!cmcl2!acf4!greenber <---- The problem with this (implied) argument is it can be used to strip people of the freedom to do anything that might hurt them under the grounds that society might have to pick up the pieces. Therefore, I say, let him rely on voluntary hand-outs from charitable persons, but before the government steps in, yes, let him starve.