Politics

Out of context: Reply #5141

  • Started
  • Last post
  • 33,773 Responses
  • tommyo0

    Just a thought, while I was reading about Madoff I started wondering:

    Isn't Social Security just one big government run Ponzi scheme? Using the money from new investors to pay previous investors.

    tommyo 0Permalink
    UpvoteDownvote
    Flag
    • Only if it gets dumped into the private market and someone makes off with all of it and leaves nothing for everyone who paid into it...TheBlueOne
    • ...who paid into it...TheBlueOne
    • But the problem here is that it's open ended...like a Ponzi scheme no? If at some point it's deemed 'not feasible' totommyo
    • continue with the program. Then it's exactly the same outcome - newest investors get the shaft.tommyo
    • Yeah, but no one benefits other than those that pay into it. You see the differenceTheBlueOne
    • You mean gov hasn't used the funds for anything other than SS payouts? See what I mean?tommyo
    Show [[ numHiddenNotes ]] more notesAdd Note
    SaveCancel

View thread