Monday, January 17, 2005

Have I Got A Deal, For You, O'Neill

Doubletalk, gobbledygook, and that hand in your pocket…

Karen DeCoster points to the supposed wisdom of Paul O’Neill, as published in a New York Times piece titled “Who Wants to Be a Millionaire?." An apropos enough title for O’Neill’s piece wherein he expounds on his vision for the future of Social coercive Security. 

What gets me, as I read through O’Neill’s piece, is the lip service paid to the evils of taxation, coercion, and the immediate renunciation of the lip service just paid, and nod to coercion, all occurring in the same paragraph.

"The problem with the current arrangement is that our contributions are a tax, not savings. So we should begin by agreeing that we are going to require all Americans to save, individually, to provide for their financial security in old age. After all, if we don’t save on our own for our retirement needs, who will do it for us? Our neighbors? Our children? In a civilized society we have a responsibility to take care of our own needs so as not to be a burden on others."

Who wants to be a millionaire, indeed.

Posted by John Venlet on 01/17 at 05:07 AM
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