Want to create an interactive transcript for this episode?
Podcast: PRay TeLL, Dr. Hash
Episode: 62 Entitlements
Description: People like the idea of entitlements because it puts control in their hands. Entitlements are a contractual obligation for government to perform for the benefit of all the people, which explains the popularity of entitlements among an overwhelming portion of the population. Social Security & Medicare are the entitlements that have the most impact on the greatest number of people. Both of those entitlements were promoted under false pretenses in order to be put into law, making recipients think they earned them in some way, but in reality, they are simply government-sponsored Ponzi schemes. However, because of the way economics...