Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: Paul C. Jesup
You really have no clue about finance. I'm a CPA and a financial planner. I know you refuse to believe it because you are confused about how a pay as you go system works. All retirement plans will eventually have payouts that exceed revenues but it doesn't mean that from inception the payouts exceeded the revenues plus earnings. The funds we collect far exceed the value of the benefits paid out. The reason everyone talks about a

The SS is a good deal for the gov't and a terrible deal for its participants. The fact that the participants are not protected because the money isn't set aside is just further evidence that from the participants view that SS is a terreible deal for them,.

117 posted on 01/08/2004 6:03:18 AM PST by VRWC_minion (Opinions posted on Free Republic are those of the individual posters and most are right)
[ Post Reply | Private Reply | To 107 | View Replies ]


To: VRWC_minion
It is called theft.
120 posted on 01/08/2004 12:23:45 PM PST by Paul C. Jesup
[ Post Reply | Private Reply | To 117 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson