FAA shares blame also

"Matt Whiting" wrote in message
...

If it weren't for the fact that it will go broke at some point, SS is a
great deal from an investment perspective assuming you live very long in
retirement.


Exactly. Ponzi schemes would be great if not for the fact that they don't
work.

Steven P. McNicoll wrote:
"Matt Whiting" wrote in message
...

If it weren't for the fact that it will go broke at some point, SS is a
great deal from an investment perspective assuming you live very long in
retirement.



Exactly. Ponzi schemes would be great if not for the fact that they don't
work.



Well, they work for the folks in first ... just like SS. :-)

Matt

"Matt Whiting" wrote in message
...

Well, they work for the folks in first ... just like SS. :-)


Social Security IS a Ponzi scheme.

Steven P. McNicoll wrote:

"Matt Whiting" wrote in message
...

Well, they work for the folks in first ... just like SS. :-)



Social Security IS a Ponzi scheme.




Never said it wasn't. I just said that even Ponzi schemes work for
some, just not for all ... and not for long.


Matt

"Matt Whiting" wrote in message
...

Never said it wasn't. I just said that even Ponzi schemes work for some,
just not for all ... and not for long.


So in other words, you said Ponzi schemes work just like a Ponzi scheme.

Steven P. McNicoll wrote:
"Matt Whiting" wrote in message
...

Never said it wasn't. I just said that even Ponzi schemes work for some,
just not for all ... and not for long.



So in other words, you said Ponzi schemes work just like a Ponzi scheme.



That is right. They work for the orginators of the scheme, but not the
suckers who come later. With SS, the baby boomers, and the post-baby
boomers likely will be the suckers. The government has deep pockets so
they can perpetuate the scheme much longer than other entities could.


Matt

"Matt Whiting" wrote in message
...
Steven P. McNicoll wrote:
"Matt Whiting" wrote in message
...

Never said it wasn't. I just said that even Ponzi schemes work for
some,
just not for all ... and not for long.



So in other words, you said Ponzi schemes work just like a Ponzi
scheme.



That is right. They work for the orginators of the scheme, but not the
suckers who come later. With SS, the baby boomers, and the post-baby
boomers likely will be the suckers. The government has deep pockets so
they can perpetuate the scheme much longer than other entities could.

They also have guns and badges.

"Matt Whiting" wrote in message
...

The government has deep pockets so they can perpetuate the scheme much
longer than other entities could.


The government cannot perpetuate the scheme, SS will either be altered
drastically or collapse. The scheme persists temporarily only because
citizens are forced to participate. I chuckle when I hear Congress Critters
claim SS is a very popular program. If it's so popular then why not make it
voluntary?

"Matt Whiting" wrote in message
...
Steven P. McNicoll wrote:
"Matt Whiting" wrote in message
...

If it weren't for the fact that it will go broke at some point, SS is a
great deal from an investment perspective assuming you live very long in
retirement.



Exactly. Ponzi schemes would be great if not for the fact that they
don't
work.



Well, they work for the folks in first ... just like SS. :-)

You do know, don't you, the SS was developed using a Ponzi scheme model. It
didn't just HAPPEN that way, it was intended that way since its conception.