Social Security and the Destruction of Capital | Antony P. Mueller

Social security is neither social nor secure. It is not social because the transfer system provokes the very dependency it is said to heal, and it is not secure because the comprehensive modern welfare system undermines economic prosperity. As a coercive system of transfers from the active to the inactive, from the saver to the consumer, and from the producer to government, social security systems have an inherent tendency to destroy the formation and transformation of capital and to inhibit the division of labor. Social security severs the…