ave you ever noticed that people who retire
after 20 years of public service are often in their mid-to-late
40s, have nice homes, late-model vehicles and do not seem to
have trouble maintaining the level of affluence they attained
while allegedly working in their public capacity? Have you
noticed that retired government employees travel a lot, have
expensive toys and have the time, money and good health to enjoy
expensive hobbies?
Have you also noticed that people who had
Social Security taxes withheld from their wages for 40 years are
in their 60s, in poor health, must live in low-rent housing,
have old, ill-repaired cars (if they can afford one at all) and
find themselves getting poorer and poorer until all they can
afford is a small apartment, electricity and inexpensive,
starchy foods?
There is a social, political and mathematical
reality to the equation above. The bottom line is that the
bureaucratic class utilizes modern investment strategies to earn
at least six percent interest for public employee retirement
funds. Rather than protecting and investing wages automatically
deducted from working class paychecks as Social Security taxes,
the same bureaucratic class spends it as fast as it comes in.
Comparative analysis
So what happens when money deducted from
people's paychecks for Social Security is treated like money
deducted from the paychecks of government employees for their
retirement plans?
“A Tale of Two Bribes” is an eight-page
exploration of the disparity between state and federal public
retirement systems and the Social Security system by long-time
financial freedom advocate and monetary system historian Anthony
Hargis of Fountain Valley, California.
According to Hargis, “200 million Americans
are persuaded to pay an average of $4,000 a year for 40 years so
they can receive $5,000 to $10,000 per year for five to 10
years.
“In other words, the average working American
will pay $160,000 in SS taxes -- during the best 40 years of his
life -- so he can receive $50,000 to $100,000 during the worst
10 years of his life,” Hargis asserts.
Conversely, public employees may or may not
be required to contribute to their own retirement plans,
leaving, in many cases, the entire burden of their retirement
funding to the taxpayer.
Government employees are eligible to retire
after 20 years of service with monthly benefits equal to 75
percent to 100 percent of their final pay.
If a government employee retires at age 50
with $5,000 per month his ending salary, he can expect to
receive $3,750 per month. That equates to retirement benefits of
$45,000 per year, or $1.35 million over 30 years.
Not a true retirement plan
If we use government retirement plans as a
model, the SS system is not a true retirement plan at all. “If
we factored in accumulated interest of six percent to a workers'
monthly SS contributions, his “trust account” would contain
about $630,000.
“If the SS were a true retirement system, a
private worker's accumulated principle would be earning over
$18,000 in its 30th year,” Hargis stated.
If a person diligently put 10 percent of his
wages into an account that earned six percent interest, he could
retire at a much earlier age and maintain the level of affluence
he attained during the productive years of his life. He would
also be healthier, happier and in a position to afford hobbies
and other activities that make the last 20 years of a person's
life a rewarding experience rather than a punishment, for a
lifetime of work.
However, as it stands now,
retirement-confident government bureaucrats automatically deduct
SS taxes from employees' wages and employer bank accounts.
Because the American people allow the government to mismanage
their retirement funds, they will lose $630,000 to recover
$100,000. Per this arrangement, American workers may look
forward to being impoverished from the moment they retire to the
day they die.
But it gets worse
Last Month Federal Reserve Chairman Alan
Greenspan suggested that Congress cut SS benefits to ease the
fiscal pain of government budget deficits.
Greenspan did not advise Congress to cut back
on pensions for government employees.
Greenspan did not suggest that government
place SS funds in trust to the personal account of the
contributor and manage the funds to earn six percent interest so
the accumulated wealth can be made available to that person upon
retirement.
Remember that government retirements are paid
for largely by taxpayers. Since government cannot keep its hands
off pots of money, government retirement accounts are
continually being replenished and depleted in cycles of taxing
and spending. This means there are no “real” individual
retirement accounts on deposit accruing interest and that begin
paying out to the government employee upon his retirement; there
are only tax liabilities.
Because government is obligated by contract
to pay an average 75 percent of its retired employees final
wages for the rest of their lives and there is no money on
account to make those payments, government must tax the working
class to pay its retirees. “By this practice, money will have to
be taken from workers 20 to 30 years in the future to pay the
retirement benefits of workers today. It is a process of parents
cannibalizing their children,” Hargis observed.
The sacred SS cow
The disparity between government retirements
and worker's retirements is large. Where government retirees
receive between $30,000 and $150,000 each year for up to 30
years, SS retirees receive between $5,000 and $10,000 each year
for an average of 10 years.
The philosophical gulf widens when you
consider that plush government retirements are afforded by the
taxpayers whose SS retirements are meager by direct comparison.
“It would seem that the only ethical thing to
do would be to totally abolish the SS system,” said Hargis.
But to abolish the SS system and monthly SS
payments, which is what millions of Americans have worked their
entire lives toward, would likely result in riots, observed
Hargis. “You see, the American working class apparently does not
mind losing the $530,000 they should have on account for their
retirement; it's the thought that they may not get that $100,000
that gets them worked up,” he added.
Why is the SS cow so sacred?
Historically, the masses have been exploited
by those who have power over them. The exploitation has been
accomplished through a variety of mechanisms throughout the
centuries. Governments have learned that progressive taxation is
more efficient than placing people directly into chains. Better
yet, governments have learned that people are much more willing
to accept a tax when they perceive it as a benefit to
themselves, as in Social Security.
Governments are also keenly aware that
oppressed peoples have a tendency to tolerate oppression, but
only up to a point and then they rebel. History is replete with
examples of the oppressed rising up to smite their oppressors.
To avoid such a fate for themselves, our
oppressors have taken great pains to condition Americans to
accept the belief that Social Security is the only pot of gold
available to them at the end of their
lifetime-of-working-and-living rainbow.
It is apparent that the illusion is becoming
more and more difficult to maintain. Whereas Americans born in
the 60s and before did not receive their SS card until they
applied for their first job, SS numbers are now issued to
hospital-born babies at birth.
About Anthony Hargis
For over a decade Hargis has been offering
clients an alternative to the money monopoly operated by the
privately-owned Federal Reserve Banking System. On March 15,
2004, Hargis was arrested because he refused to provide the U.S.
Department of Justice and the IRS with records of his “warehouse
bank operation.”
The government is accusing Hargis of
masterminding an “an abusive tax shelter operation.”
Hargis is a passionate and principled man
with an intense gaze. Many years ago he began researching the
money system. He found that the Federal Reserve System is based
upon indebtedness. He also found that the money managers are
intentionally increasing our personal and national levels of
indebtedness. Years of research led Hargis to believe that
current money policy in the U.S. is a process of “cannibalizing”
our future generations; a process which assures our children
will inherit our fiscal irresponsibility as economic
enslavement.
His banking operation is simple: Businesses
and private parties could make deposits and have their money
transferred into gold-based accounts. The money could then be
turned back into Federal Reserve Notes whenever depositors
needed cash.
What Hargis did was merely duplicate
precisely what banks in the U.S. are already doing -- with the
approval of the Federal Reserve and the U.S. government . The
difference being only that participation in his warehouse
banking operation does not come with an in-house regulatory
scheme that invades his clients' rights to financial privacy.
According to Hargis, the purpose of his
banking service is not to help people evade taxes for which they
would otherwise be liable, but to break the money monopoly held
at this time by the equally private Federal Reserve bankers.
Again, Hargis' motivation is the dark future he sees for our
children if we allow the Federal Reserve bankers to continue
bankrupting this nation and her people.
Curiously, at the March 15 hearing in Santa
Ana that resulted in Hargis being taken into custody, Hargis
attorney Peter Gibbons observed that “The judgment [against
Hargis] was entered before the hearing.”
“California Central District Federal Judge
David O. Carter ordered that Hargis must hand over his records
-- before allowing Hargis to make his case,” reported George
Kadar for The American Free Press.
Judge Carter gave Hargis a half-hour to
decide if he would hand over his records or be immediately taken
into custody and sent to jail for contempt (not for criminal
charges associated with his banking operations).
Hargis did not require 30 minutes to decide
and stated his position clearly for the record: “I am prepared
to spend the rest of my life in jail,” and “I will rather go to
prison than hand over my customers' records to the IRS.”
Hargis' research and his dedication to the
future of his country is the power behind his selfless
convictions in this matter. He has written rather extensively on
the subject and has posted much of this material to his website
at www.anthonyhargis.com[1].
He has also filed a lawsuit in federal court
challenging the Social Security Act. Though no hearings have
been held on this matter, briefs have been filed on both sides.
One of the greatest betrayals of the public trust is our current
Social Security System. An analysis of how “they” (the
bureaucratic class) administrate “our” retirement funds -- as
compared to how they administrate their own retirement funds --
provides excellent insight into how deeply government
appreciates the working class who support its existence.
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The Idaho Observer
P.O. Box 457
Spirit Lake, Idaho 83869
Phone: 208-255-2307
Email:
observer@coldreams.com
Web:
http://idaho-observer.com
http://proliberty.com/observer/
Endnote:
[1] Also, see the number of
articles written by Anthony Hargis and posted on the Illuminati
News Website:
http://www.illuminati-news.com/anthony-hargis-1.htm and
check out his new website:
http://redressofgrievance.biz/
