Quote:
Originally Posted by samsonh
You also get a negative real rate of return with social security....
Yeah, that is true.
However, I was trying to counter the point that government is super inefficient at helping the elderly/poor.
"Uh, using percentages for a ungodly massive amount of money is missing the point. "
Here is the wiki for the SSA:
http://en.wikipedia.org/wiki/Social_...Administration
It is a nationwide bureaucracy that has to do probably more than you think they have to do. Consider all of the legal/procedural stuff for example. 6 billion a year is pretty reasonable IMO.
For contrast here is a report on the Red Cross:
http://www.bbb.org/charity-reviews/n...hington-dc-679
(See the pretty graph at the bottom)
As you can see, even well regarded charities have much higher administration costs as a percentage.
I guess we could get rid of all this terrible inefficient socialism, but then my grandma would probably have to move in with us and I would get super pissed off at guys like you.