Matt Cramer wrote: > I understand that. But isn't the formulation important? I pay FICA, I > can see the SSA's balance sheet. That is a part of the pie that belongs > to working people. Those bonds are bonds that belong to working people. > When I pay FICA, it feels like I am paying into the public pension, not > just paying another tax.
No, the government bonds in the SSA's stash belong to the SSA, which belongs to the US government. Working people don't own the US government. Officially, I guess it can be said that _all_ US citizens own that government. But in practice, it's the capitalists who own it, so that the government obeys their wishes -- unless their is political pressure from working people for it to do otherwise. (BTW, just because the capitalists in effect own the US government does not mean that it does a good job of serving their long-term collective interests.) -- Jim Devine / "Segui il tuo corso, e lascia dir le genti." (Go your own way and let people talk.) -- Karl, paraphrasing Dante. _______________________________________________ pen-l mailing list [email protected] https://lists.csuchico.edu/mailman/listinfo/pen-l
