Fungible? What means, "fungible?" It means that philanthropy can substitute for government programs. Here is Bill Schambra fuming that Social Security got off on the wrong foot. Instead of being supported by a national payroll tax, the aged should rely on direct handouts from local rich people moved by their compassionate conservatism to drop a coin in the old woman's palm, while her son bows and tugs his forelock in gratitude. If only today's peasants were as grateful.