Two ways to fix our "Democracy"

[canceled.2021.1]

It's not a pyramid or Ponzi scheme. Stop falling for that RW BS, even if you don't like SS.

"...what is a Ponzi scheme? The term originates with Charles Ponzi, a Boston swindler who conned investors out of millions in 1920 by promising returns of up to 100 percent in 90 days on investments in foreign postal coupons. After first-round investors harvested those profits, others flocked to Ponzi, unaware his "profits" consisted of money paid in by other investors.
That strategy is unsustainable.

In contrast, Social Security is more like a "pay-as-you-go" system transferring payroll tax payments by workers to retirees. A 2009 Social Security Administration online post stated: "The American Social Security system has been in continuous successful operation since 1935. Charles Ponzi's scheme lasted barely 200 days."

Mitchell Zuckoff, a Boston University journalism professor who has written a book on Ponzi, noted three critical dissimilarities between Social Security and a Ponzi scheme. We will summarize Zuckoff’s comments from an earlier fact-check:

• "First, in the case of Social Security, no one is being misled," Zuckoff wrote in a January 2009 article in Fortune. "Social Security is exactly what it claims to be: A mandatory transfer payment system under which current workers are taxed on their incomes to pay benefits, with no promises of huge returns."

• Second, he wrote, "A Ponzi scheme is unsustainable because the number of potential investors is eventually exhausted." While Social Security faces a huge burden due to retiring Baby Boomers, it can be and has been tweaked, and "the government could change benefit formulas or take other steps, like increasing taxes, to keep the system from failing."

• Third, Zuckoff wrote, "Social Security is morally the polar opposite of a Ponzi scheme. ... At the height of the Great Depression, our society (see 'Social') resolved to create a safety net (see 'Security') in the form of a social insurance policy that would pay modest benefits to retirees, the disabled and the survivors of deceased workers. By design, that means a certain amount of wealth transfer, with richer workers subsidizing poorer ones. That might rankle, but it's not fraud."

http://www.politifact.com/florida/s...ck-perry-carlos-curbelo-calls-social-securit/

So it's welfar?

 

[USFREEDOM911]

I stand corrected. I thought you were actually a good guy

That has nothing to do, when someone refuses to accept that they were and are in error; unless you FEEL that everyone is supposed to follow the liberal mantra of - Everyone must walk in lock step and just blindly agree with each other.

 

[kaz]

It's not a pyramid or Ponzi scheme. Stop falling for that RW BS...

Stopped reading here. Obviously a libertarian would be against socialistic programs, your "insult" makes no sense. And if you're not willing to address my views, I won't waste my time reading what you wrote

 

[kaz]

That has nothing to do, when someone refuses to accept that they were and are in error; unless you FEEL that everyone is supposed to follow the liberal mantra of - Everyone must walk in lock step and just blindly agree with each other.

Re-read your post. You were just being a dick

 

[USFREEDOM911]

Re-read your post. You were just being a dick

But you have continually refused to admit that you can avoid paying into SS, if you truly want to.

 

[Rune]

No shit, dumb ass, that's how analogies work




So you and your wife are "elitists" since you won't pay for the dinner of people not paying?

And you think it's an "oligarchy" that people paying for government make the decisions? You think there are that few taxpayers? that's pretty sick, actually, that you want to live on the backs of just a few of us while the rest of you bleed us dry

Voting yourself money is what's sick

You think that people who pay SS all their lives then collect some of their money back after retiring should be barred from voting?
I finaly understand why Darla got sick of arguing with you idiots.

 

[evince]

they are lying evil traitorus scum


I really think some of them collect Deash checks signed by the Koch brothers

 

[Rune]

No shit, dumb ass, that's how analogies work




So you and your wife are "elitists" since you won't pay for the dinner of people not paying?

And you think it's an "oligarchy" that people paying for government make the decisions? You think there are that few taxpayers? that's pretty sick, actually, that you want to live on the backs of just a few of us while the rest of you bleed us dry

Voting yourself money is what's sick

You think that people who pay SS all their lives then collect some of their money back after retiring should be barred from voting?
I finaly understand why Darla got sick of arguing with you idiots.

 

[canceled.2021.1]

You think that people who pay SS all their lives then collect some of their money back after retiring should be barred from voting?
I finaly understand why Darla got sick of arguing with you idiots.

What do you call those who get back more than they put in?

 

[Rune]

Term limits, with no concurrent terms.

Maximum age on both voting and serving in office. No one over 65 is allowed to vote or hold office.

I think you meant conscutive and how do you bar older votors?

 

[Rune]

I said nothing about "smart." I said people who are living on money confiscated from others with guns. My point is about people acting in their own greedy personal interest.

And trust me, you don't have to be that smart to get a PhD. It's more about endurance than brains by far

How stupid are you?

Right. Any old idiot can write a successful disertation. STFU loser

 

[evince]

where does the funding for SS come from?


you seem to not know

also why no mention of all he corporate subsidies


are you fine with those ?


you hate poor people and want policies that make more people poor.


have you always hated the people around you?


when did his hate and distrust of all human enter your life?


who burdened you like this?

WHO HARMED YOU THIS WAY?

 

[Rune]

Might as well, I'd be useless anyways.

Not if you had grandkids

 

[Rune]

No one "paid in." There is no money. Government is just taxing current taxpayers to pay ALL checks. Zero was saved. How do even the conservatives not get that.

Everything they paid was spent as it came in, just like for every other tax

The trust fund is backed by the full faithand credit of the US.
Whether it truly consists only of worthless IOUs has no bearing on whether or not people paid in.
Of course people pay in and it is a healthy chunk as well.

 

[Rune]

What do you call those who get back more than they put in?

Incredibly rare.

 

[evince]

well most of the ones who get more than hey put in are called survivors


as in survivors benefits


children

 

[canceled.2021.1]

well most of the ones who get more than hey put in are called survivors


as in survivors benefits


children

That wasn't what FDR the follower of Moussolini promised

 

[evince]

https://en.wikipedia.org/wiki/Social_Security_(United_States)#History




History[edit]

Main article: History of Social Security in the United States


Social Security Timeline[12]
1935 The 37 page Social Security Act signed August 14, 1935 by President Franklin D. Roosevelt. Retirement benefits only to worker, welfare benefits started
1937 First Social Security Cards issued by post offices, over 20 million issued in first year
1939 Two new categories of beneficiaries added: spouse and minor children of a retired worker

 

[canceled.2021.1]

https://en.wikipedia.org/wiki/Social_Security_(United_States)#History




History[edit]

Main article: History of Social Security in the United States


Social Security Timeline[12]
1935 The 37 page Social Security Act signed August 14, 1935 by President Franklin D. Roosevelt. Retirement benefits only to worker, welfare benefits started
1937 First Social Security Cards issued by post offices, over 20 million issued in first year
1939 Two new categories of beneficiaries added: spouse and minor children of a retired worker

Thank you for proving me correct. It wasn't what FDR Mussolini promised at first. But all liberals lie about their intentions

I hope you get ovarian cancer

 

[PostmodernProphet]

Would you feel the same way if wealth were not the measure for your oligarchy? What is it were education and only the PhDs are allowed to decide our fate?

if intelligence was the key, you still couldn't vote...........