THE SOCIAL SECURITY FRAUD

by Abraham Ellis ‧ RELEASE DATE: Sept. 30, 1970

Social Security rubs against the philosophical grain of Abraham Ellis who, in a typical pronunciamento, declares that ""We must choose between the security of slavery and the liberty and insecurity of free men. We can't have both."" Not only does Mr. Ellis consider Social Security deleterious, he would also abolish the present system as a three-part fraud. First, he scores the tax-based ""trust fund"" as not immediately liquifiable; a false analogy is made to private funds, whose liquidity he anyhow overstates. Secondly, Ellis views inflation as a deliberate scheme by the government to devalue the dollar in order that the increasing benefits may be paid at the dollar sum stated. Finally, there's the misnomer of the program as an ""insurance"" plan when it is, he reiterates randomly, a concealed redistribution scheme, i.e. a hoax. Yet he also claims that this ""has been so thoroughly exposed by now that few people in or out of government seriously contend that what we are discussing is really an 'insurance' or pension plan."" Mr. Ellis confesses ""I am not a professional economist,"" a fact amply evidenced by his arguments. Simplistic enough to be inflammatory if it weren't so drearily didactic.

Pub Date: Sept. 30, 1970

ISBN: N/A

Page Count: -

Publisher: Arlington House

Review Posted Online: N/A

Kirkus Reviews Issue: Sept. 1, 1970

Categories: NONFICTION