Loaded Question

[shortking98]

Can someone answer me how is social security different than a Ponzi scheme? It seems to me the only difference is who is running it

[OnePimpTiger]

Makes sense to me. I was thinking last night how welfare is basically stealing, only it's ran by the government so it's ok. What it has become now, it's people taking money from other people against their will and in most cases they have done nothing to earn it...doing nothing and taking money from others against their will, only in welfare, the government does the actual stealing.

[shortking98]

Makes sense to me. I was thinking last night how welfare is basically stealing, only it's ran by the government so it's ok. What it has become now, it's people taking money from other people against their will and in most cases they have done nothing to earn it...doing nothing and taking money from others against their will, only in welfare, the government does the actual stealing.

Hmm, this is brilliant, it's like having the strongest goon ever to do all your dirty work for you

[Star_Cards]

good question. I guess in theory they figured they'd always have funds in the account to pay members as they became eligible, but it sounds like eventually there will come a time where people will get ripped off.

I always like the idea of partially privatized soc sec. I know bush talked a lot about it in his first term and people were against it.

[OnePimpTiger]

I always like the idea of partially privatized soc sec. I know bush talked a lot about it in his first term and people were against it.

Because the Declaration of Independence says "life, liberty, the pursuit of happiness, health insurance, and retirement."

[jlzinck]

Can someone answer me how is social security different than a Ponzi scheme? It seems to me the only difference is who is running it

The only difference is that in a Ponzi people are expecting a higher than average going rate for investments. Social Security- people are expecting something to be there when they retire.

But as the Baby Boomers start to retire it might collapse the system.

Social Security is like robbing Peter to pay Paul

[streicher187]

Because social security would be solvent for years to come but the goverment stole the money out of the account to spend on stupid things.. If they would have left the money that was taken in alone then it wouldn't be running out..

[OnePimpTiger]

Because social security would be solvent for years to come but the goverment stole the money out of the account to spend on stupid things.. If they would have left the money that was taken in alone then it wouldn't be running out..

Still a scheme

[Star_Cards]

Because social security would be solvent for years to come but the goverment stole the money out of the account to spend on stupid things.. If they would have left the money that was taken in alone then it wouldn't be running out..

this is a very good point.