If dumb ideas were currency, the folks at Forbes would be even richer than they pretend to be. In an apparent effort to demonstrate that stupidity is eternal, here comes another great insight: Let’s privatize Social Security disability. Yeah, sure. Good thinking. Some guy named Merrill Matthews, who will never have to worry about keeping his tuxedo ready for the Nobel Prize award ceremony,, has suggested this. What, do you suppose, has lead this deep thinker to believe that privatizing Social Security disability will work? Why, because three counties in Texas tried this very thing more than thirty years ago. Guess what: It worked brilliantly! Or so says the man who does not have to sit by the phone when the McCarthur Genius Grants are awarded. Why, let for-profit insurance companies get involved and the whole system will be as precise as an atomic clock. Nothing like that old invisible hand, huh Merrill? What a dunce this man is. I guess he has not read about all the fraud and abuse involved in private disability claims. You think there is a reason why UNUM-Provident and Met Life are sued so often? I guess Merrill never heard any of these horror stories while sitting around with his friends Morgan Stanley and the Lehman brothers, sipping gin cocktails at the country club. Thanks for the bright idea, Merrill. Now slip back on into your alternate reality where there are no poor and there are no disabled because they all read Atlas Shrugged and got over it.
Another Bad Idea
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