The rats of VCT Boz, MisterV, REDietz, UNKewlJ

[MisterV]

Gentlemen: your SS / Ponzi scheme arguments, distilled.

https://www.diffen.com/difference/Po...ocial_Security

[accountinquestion]

Gentlemen: your SS / Ponzi scheme arguments, distilled.

https://www.diffen.com/difference/Po...ocial_Security

I'm not even anti-SS. The article glosses over how there is also no guarantee you'll be paid. Ponzis pay out some too. The big part here is that existing recipients are paid off the backs of current investors. But yes SS misses the intent to defraud. It is also based on the whims of politics even if chance seems small.

Personally I like SS. We don't need a ton of broke old people out in the streets because they didn't have the ability to produce and save.

[MaxPen]

Gentlemen: your SS / Ponzi scheme arguments, distilled.

https://www.diffen.com/difference/Po...ocial_Security

I'm not even anti-SS. The article glosses over how there is also no guarantee you'll be paid. Ponzis pay out some too. The big part here is that existing recipients are paid off the backs of current investors. But yes SS misses the intent to defraud. It is also based on the whims of politics even if chance seems small.

Personally I like SS. We don't need a ton of broke old people out in the streets because they didn't have the ability to produce and save.

Everyone will get paid. There's an unlimited supply of money. The only question is what will it buy?...lol