Social Security and Medicare are not free programs. Conservatives and liberals alike take issue with hearing these referred to as "entitlement programs" and rightly so. Anyone who earns a paycheck sees the line items detailing how much of our pay goes to fund these programs. We invest heavily all our working lives expecting that these programs, our investment, will return to us in earned benefits. Rightly so! These were taxes we paid with expectation of return on investment.
Throughout our working lives, many of us planned other retirement resources as well. I'm lucky to have worked for one company for more than 20 years. My employment came with a pension plan. Through the years, I was provided an annual review of how that plan would impact my retirement. That was a nice benefit as I looked down the road. Then I had opportunity for a 401k and company match. I took advantage of that as well.
And then things changed. The pension plan was frozen. The replacement would not grow at the same pace. No problem. The company had a plan to make up for that. And then the company changed as market pressures took hold. The company cannot make up for that now. But no problem, there's still the 401k.
As a rather educated person, I work my 401k as best I can but it seems these are very locked down and we cannot safeguard our investments from volatility of markets. I've watched helplessly as those resources dwindle as well.
The only investment that has remained rather stable is Social Security and Medicare and that is often in danger by political forces that refer to them as "entitlements". I'm paying in the same and the same expectation of return remains. They are not free programs to me or to most anyone who understands what they have paid into these programs. Our collective understanding - our collective support - our collective voice - in reference to these programs is the power behind these successful programs.
We see a line item for Social Security and for Medicare on our paycheck. We should view all of our tax dollars as investments. We are investing our dollars into the society we want. We can expect a return on that investment. If we invest nothing, we can expect nothing. A democracy gives us opportunity to expect a return. It provides opportunity for a voice in that expected return.
Capitalism does not provide that same opportunity. There is a benefit to good government. We experience the benefit of good government funded and government run programs. Social Security and Medicare are examples. They are not perfect but in my view - looking at the programs offered me for retirement planning - they have remained the most stable and the ones I have some semblance of opportunity to influence most.
So as I hear views of Medicare for all, I tend to think there is more opportunity there than capitalism promises. No it's not free. But it's likely a better investment and one that collectively we may be able to control. Social Security is greater than a check at retirement. Good government is about "social security".
I have more questions than answers. But I believe in something much bigger and try to share the little glimpses I see. Please share yours. Together we can create more - I believe.
Showing posts with label capitalism. Show all posts
Showing posts with label capitalism. Show all posts
Thursday, February 18, 2016
Sunday, October 18, 2015
Keeping a Nation Strong
From 1933 to 1942 the Civilian Conservation Corp employed up to 300,000 workers doing public works projects in every corner of the United States. It was one of the most remarkable programs of the New Deal and the results of their labor remain quite visible these many decades later.
In proposing the CCC, President Roosevelt said:
"I propose to create [the CCC] to be used in complex work, not interfering with abnormal employment, and confining itself to forestry, the prevention of soil erosion, flood control and similar projects. I call your attention to the fact that this type of work is of definite, practical value, not only through the prevention of great present financial loss, but also as a means of creating future national wealth."
The CCC re-forested public land, built picnic areas, pavilions, retaining walls, bridges, dams and much more. Visit any national park or state park that was established prior to the CCC and you will witness the results of their efforts.
We were in the middle of the Great Depression. Unemployment was a staggering 24%. The United States was in a huge financial crisis. The government was broke. And yet, they found a way to put hundreds of thousands of people to work in one of the biggest social programs of our nations history.
Hundreds of thousands of people were no longer hungry and homeless. They were engaged in meaningful work while gaining valuable skills.
From an early age, traveling to and camping in many of our state and national parks, I've been keenly aware of the work of the CCC. This program should be a source of great national pride and this story should be more broadly re-told. When I hear someone scoffing at "socialism", I think of the CCC.
Capitalism alone is not enough to keep a country strong. We need a certain degree of socialism. The two can work hand in hand. Letchworth State Park is a great example of how that can happen.
William Pryor Letchworth was a successful capitalist. But once he had made his mark in business, he turned his attention to social reform. In addition to conservation, he is remembered for his work with epilepsy and the plight of poor children. And, of course, he donated the land that is now the cornerstone of Letchworth State Park - one of the most visited state parks in the United States.
We can thank Mr. Letchworth for his socialist acts. We can thank Mr. Roosevelt for his socialist acts. We can thank our government for the socialist acts to keep these parks open and in good order for the public enjoyment of generations to come. Capitalism alone would not do that. Socialism is not a bad word. It's about doing what Capitalism cannot or won't.
In proposing the CCC, President Roosevelt said:
"I propose to create [the CCC] to be used in complex work, not interfering with abnormal employment, and confining itself to forestry, the prevention of soil erosion, flood control and similar projects. I call your attention to the fact that this type of work is of definite, practical value, not only through the prevention of great present financial loss, but also as a means of creating future national wealth."
| CCC Statue at Letchworth State Park, NY |
The CCC re-forested public land, built picnic areas, pavilions, retaining walls, bridges, dams and much more. Visit any national park or state park that was established prior to the CCC and you will witness the results of their efforts.
We were in the middle of the Great Depression. Unemployment was a staggering 24%. The United States was in a huge financial crisis. The government was broke. And yet, they found a way to put hundreds of thousands of people to work in one of the biggest social programs of our nations history.
Hundreds of thousands of people were no longer hungry and homeless. They were engaged in meaningful work while gaining valuable skills.
From an early age, traveling to and camping in many of our state and national parks, I've been keenly aware of the work of the CCC. This program should be a source of great national pride and this story should be more broadly re-told. When I hear someone scoffing at "socialism", I think of the CCC.
Capitalism alone is not enough to keep a country strong. We need a certain degree of socialism. The two can work hand in hand. Letchworth State Park is a great example of how that can happen.
William Pryor Letchworth was a successful capitalist. But once he had made his mark in business, he turned his attention to social reform. In addition to conservation, he is remembered for his work with epilepsy and the plight of poor children. And, of course, he donated the land that is now the cornerstone of Letchworth State Park - one of the most visited state parks in the United States.
We can thank Mr. Letchworth for his socialist acts. We can thank Mr. Roosevelt for his socialist acts. We can thank our government for the socialist acts to keep these parks open and in good order for the public enjoyment of generations to come. Capitalism alone would not do that. Socialism is not a bad word. It's about doing what Capitalism cannot or won't.
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