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The very usage of the terms “capitalism” and “socialism” has evolved past the point of clear meaning.
The Malthusian doomsday prediction has been spectacularly wrong, and yet still popular, for more than 200 years. How many people have to die to satisfy today's alarmists?
The bottom line is that within 16 years, either Social Security recipients will have to take a 20 percent benefits cut, or workers will have to incur a 20 percent payroll tax increase.
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