Thaddeus Wojcik - Bright Man

A lawyer in New York tried to auction off his future Social Security benefits on Ebay but the spoilsports in the Social Security Administration stopped him. Thaddeus Wojcik, aruged that he could invest his money better than the government. He needed the $200 K for a downpayment on a condo in New York. If Social Security were a real pension system - why couldn't a citizen make a contract to sign over his checks to a willing buyer for an amount agreed to by both buyer and seller? In essence he is making a futures contract. He could do that with any other asset. But of course the SSA commented you cannot do that except for members of his family. A better alternative would have been to privitize the system and allow people to hold actual property rights to all the tax money they are throwing into the Ponzi scheme called Social Security - but of course between the AARP and our elected members of congress, no one thought that was a good idea.