Posted on 06/09/2019 7:33:10 PM PDT by vannrox
I bet the Roman emporers thought the same thing.
SS is a Ponzi scheme, pure and simple.
Back in the 1980’s we had grasshoppers and ants. I worked with people who made the same paycheck as me and drove Beemers and Mercs, while I drove a used Camry. I knew back then the the grasshoppers weren’t going to starve, they would have the Bernie Bros confiscate from the savers, and means test Social Security and tell us we’re damned lucky they don’t take the rest away from us greedy bastards.
And unlike Mr. Gutknecht, I never for one instant believed any of that bullshit about government investment (e.g., the big dig) I saw it for what it was, income transferred to the politically favored: Campaign contributor contractors and labor unions.
“Part of the appeal of ‘Dreamers’ is that they pay into SS. Illegal aliens, especially those that use stolen SS numbers are a net positive to SS because they pay in but don’t collect benefits.”
Not yet but in the future they will. It will be done in the name of “fairness”.
That number (slightly more) is vastly inflated by the degrees which are actually marketable, engineering, science, business, nursing, etc. If just the lefty indoctrination degrees are counted, the sheepskin is actually worth more.
“SS is a Ponzi scheme, pure and simple.”
Whatever name you want to throw at it ... the politicians will keep it going throughout our lifetimes.
Social Security is serving me well
One of the things about this that I never see discussed, is that when boomers really start cashing in the 401ks and other similar instruments, that all of that money is essentially being pulled from the market. I’m thinking that the continual draw down has to affect the market in the long run.
Ownership is society’s memory of things done, and other things foregone, by the owner. Socialist propaganda against ownership is an effort to impose dementia on society.
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