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Served with the competence of a private protection business, crime largely disappeared. Racism, too, disappeared as people in all neighborhoods became affluent and wealthy as well as productive superstars during the ensuing job revolution. Instead, good feelings flowed for your fellow man and woman as everyone contributed important values to society.
What happened to the seniors? Under the old code, paying income taxes was hard, but then for working Americans to pay half that amount again to Social Security exceeded reasonable expectations. Of course, the young family's wealth -- or lack of it -- was being siphoned off to the elderly. In those times of declining standards of living, younger folk could no longer give money to others...especially once married with children.
Most seniors, however, had to have that Social Security check; they depended on it. No matter how badly they felt for the younger generations, seniors simply had no choice but to collect Social Security.
The economically driven megatrend to rid 20th-century big government from our lives, however, caused something spectacular that many people called a Modern Money Miracle. That Modern Money Miracle was, in short, America's falling out with big government, which forced a spectacular sale of all government assets that had nothing to do with the government's original and valid purpose: to protect people from aggression. The money from that extraordinary sale rightfully returned people's small fortunes wrongly collected and spent by the government. Indeed, the money from the big sale of government assets, in turn, repaid all Social Security with interest. Thus, the bulk of those revenues went to our parents and grandparents who paid the taxes that built those assets. In any case, everyone at every age who paid into Social Security got a nice chunk of money that earned full fair-market interest for as long as the government held it.
Over a hundred thousand dollars went to the majority of senior citizens, all at once. In some cases, interest on that small fortune alone was greater than their Social Security benefits. And yes, Social Security ended as it had nothing to do with national defense or local police protection, thus relieving all working adults and future generations from painfully paying into a dying system. The new government spared our children and grandchildren and brought our seniors a small fortune.
After decades of paying Social Security, most seniors had anywhere from one-hundred thousand to two-hundred thousand dollars coming back to them, all at once. Two-hundred thousand dollars...that's a bigger pile of money than most people had ever seen at one time in their whole lives. Many retired seniors splurged and took that world cruise, and they put the bulk of the money in interest-earning accounts for security -- whatever they decided, for it was now their money.
And, struggling younger people no longer had to pay their precious money into Social Security, which they would never see again under the current system. The Modern Money Miracle happily ended Social Security, which was all part of 20th-century big government.
Social Security payments ended; the payoff exploded. At century end, 40 million seniors received Social Security benefits. Most of them received a big check. The government paid back up to five trillion dollars. The sale of all government assets that had nothing to do with protection (known as the Great Displacement Program) amounted to many trillions of dollars. Those trillions covered all seniors and all the other people who were not yet retired but who paid year after year into Social Security. Every working and retired American got a substantial check from the government. The older the citizen, usually the bigger the check.[ 12 ]
[ 12 ] Selling the government involved so much money that many Americans were given attractive incentives to, instead of receiving cash, choose equity in the privatized spin-offs and be part of substantial profit-sharing plans. Their stock, of course, could be sold in the open market at any time.
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