Yogidad

Social Security: A Ponzi Scheme?

Really - where does this ridiculous outrage come from? The American taxpayer has always been on the hook for the aged who cannot finance their own retirement. The bottom line will not and never has changed whether social security exists ot not. Medicare is an obvious example of the taxpayers ongoing obligation. Social security merely supplies individual incentive during working years and increases the possibility that individuals will remain in control of their lives after retirement. Thus providing savings only because the management process is handled by the individual rather than the state. Social security is merely a segregated tax payment. It does not matter at all if social security fails because the obligations will be paid by taxes as it always has been. No one survives on social security alone now and never has.


On Dec 30 10:43 AM Guero wrote:

> Finally someone exhibiting some common sense around here.
>
> If SS is a Ponzi scheme, then by that same definition so is the stock
> market & real estate. After all, you are always looking for the
> next sucker in those places too.