Cain just advocated we take policy advice from an open Fascist.

[white_wolf]

When talking about social security he mentioned we should follow the Chilean model and get rid of "entitlement" society He was referencing a law passed in 1981 under an open Fascist dictator Augusto Pinochet. I just find his choice of inspiration to be very revealing.

[joshcryer]

1. José Piñera should get credit for the fairly decent Chilean pension system.

Returns at 10% or more what are put in, as opposed to the 1-2% that American Social Security returns. The problem with Chile's pension system was that it was voluntary and it led a lot of people who chose not to enter it into destitution. The 2008 reforms have fixed that by mandating paying into the pension system. In Chile over 50% of the GDP is in the pension system, this is contrasted to somewhere around 3-4% in the United States.

It's just a nationalized 401(k) and not terribly controversial, however, it would have to be mandated for it to work. Perry and Cain are arguing that people should have a "choice" and I have yet to hear whether they believe it should be mandated. As far as I can tell they don't think it should be mandated, in that vein it will lead to pure destitution for those who chose not to apply for it.

[and-justice-for-all]

2. Pinochet and repukes have a lot in common...nt