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#1
May 24th 05, 02:27 AM
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"Matt Whiting" wrote in message ... Well, they work for the folks in first ... just like SS. :-) Social Security IS a Ponzi scheme. 
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#2
May 24th 05, 02:35 AM
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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
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#3
May 24th 05, 02:53 AM
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"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.
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#4
May 24th 05, 11:30 AM
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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
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#5
May 24th 05, 02:23 PM
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"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.
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#6
May 24th 05, 02:55 PM
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"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?
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