Our Very Own Madoff

C

Canceled1

Banned
Why did Bernie Madoff go to prison? To make it simple, he talked people into investing with him. Trouble was, he didn't invest their money. As time rolled on he simply took the money from the new investors to pay off the old investors. Finally there were too many old investors and not enough money from new investors coming in to keep the payments going. Next thing you know Madoff is one of the most hated men in America and he is off to jail.



Some of you know this .. but not enough of you . Madoff did to his investors what the government has been doing to us for over 60 years with Social Security. There is no meaningful difference between the two schemes ... except that one was operated by a private individual who is now in jail, and the other is operated by politicians who enjoy perks, privileges and status in spite of their actions.

Well here's a nifty little comparison.





BERNIE MADOFF Takes money from investors with the promise that the money will be invested and made available to them later
SOCIAL SECURITY Takes money from wage earners with the promise that the money will be invested in a "Trust Fund" and made available later.

BERNIE MADOFF Instead of investing the money Madoff spends it on nice homes in the Hamptons and yachts.
SOCIAL SECURITY Instead of depositing money in a Trust Fund the politicians use it for general spending and vote buying.

BERNIE MADOFF When the time comes to pay the investors back Madoff simply uses some of the new funds from newer investors to pay back the older investors.
SOCIAL SECURITY When benefits for older investors become due the politicians pay them with money taken from younger and newer wage earners to pay the geezers.

BERNIE MADOFF When Madoff's scheme is discovered all hell breaks loose. New investors won't give him any more cash.
SOCIAL SECURITY When Social Security runs out of money they simply force the taxpayers to send them some more.

Bernie Madoff is in jail.
Politicians remain inWashington.
 
usaloyal2theend said:
Why did Bernie Madoff go to prison? To make it simple, he talked people into investing with him. Trouble was, he didn't invest their money. As time rolled on he simply took the money from the new investors to pay off the old investors. Finally there were too many old investors and not enough money from new investors coming in to keep the payments going. Next thing you know Madoff is one of the most hated men in America and he is off to jail.



Some of you know this .. but not enough of you . Madoff did to his investors what the government has been doing to us for over 60 years with Social Security. There is no meaningful difference between the two schemes ... except that one was operated by a private individual who is now in jail, and the other is operated by politicians who enjoy perks, privileges and status in spite of their actions.

Well here's a nifty little comparison.





BERNIE MADOFF Takes money from investors with the promise that the money will be invested and made available to them later
SOCIAL SECURITY Takes money from wage earners with the promise that the money will be invested in a "Trust Fund" and made available later.

BERNIE MADOFF Instead of investing the money Madoff spends it on nice homes in the Hamptons and yachts.
SOCIAL SECURITY Instead of depositing money in a Trust Fund the politicians use it for general spending and vote buying.

BERNIE MADOFF When the time comes to pay the investors back Madoff simply uses some of the new funds from newer investors to pay back the older investors.
SOCIAL SECURITY When benefits for older investors become due the politicians pay them with money taken from younger and newer wage earners to pay the geezers.

BERNIE MADOFF When Madoff's scheme is discovered all hell breaks loose. New investors won't give him any more cash.
SOCIAL SECURITY When Social Security runs out of money they simply force the taxpayers to send them some more.

Bernie Madoff is in jail.
Politicians remain inWashington.
Click to expand...

I think what impressed me most is the amount of time you put in and the in depth research you did when you came up with an alternative...

what's that?

Oh, I'm sorry, you had no alternative
 
ZappasGuitar said:
I think what impressed me most is the amount of time you put in and the in depth research you did when you came up with an alternative...

what's that?

Oh, I'm sorry, you had no alternative
Click to expand...

Stick to talking about your secret desire for homo sex Zapless. It's an area you excel in and it all comes from your smothered little heart!

26f2cc10-1.jpg
 
Takes money from investors with the promise that the money will be invested and made available to them later
Click to expand...

Something every hedge fund manager does. What's the difference between SS (and other hedge fund managers) and Madoff? It's reasonable to suspect that you'll get a return on investment. Besides, SS is not an "investment", it's insurance.
 
Instead of depositing money in a Trust Fund the politicians use it for general spending and vote buying.
Click to expand...

Actually almost all of the money from SS taxes is sent out to keep seniors above the poverty line. Yet another ignorant prole comment. Do any of these make any valid points at all to anyone with half a brain? Doubt it. Good thing there's people out there with IQ's above 70 looking out for you stupid proles.
 
SOCIAL SECURITY When Social Security runs out of money they simply force the taxpayers to send them some more.
Click to expand...

How do you prevent SS from running out of money? You scale taxation to match spending. It's not rocket science, and yet conservative apparently can't comprehend it, creating a crisis out of thing air.
 
Seriously, what insurance company puts their insurers money in a "trust fund" and just lets it get eaten up and wasted due to inflation? What ignorant cunts.
 
INFINITETELEMORESE said:
alternative: get rid of social security.
Click to expand...

Just admit it, Grind. You're smart enough to know that none of these points are valid. You're just singing the anarchist swan song that was popular with the communists who came before you, and the Jacobins who came before that. You're ignorant vision of how society should be run is dangerous and should be squashed at every possible turn.
 
usaloyal2theend said:
Why did Bernie Madoff go to prison? To make it simple, he talked people into investing with him. Trouble was, he didn't invest their money. As time rolled on he simply took the money from the new investors to pay off the old investors. Finally there were too many old investors and not enough money from new investors coming in to keep the payments going. Next thing you know Madoff is one of the most hated men in America and he is off to jail.



Some of you know this .. but not enough of you . Madoff did to his investors what the government has been doing to us for over 60 years with Social Security. There is no meaningful difference between the two schemes ... except that one was operated by a private individual who is now in jail, and the other is operated by politicians who enjoy perks, privileges and status in spite of their actions.

Well here's a nifty little comparison.





BERNIE MADOFF Takes money from investors with the promise that the money will be invested and made available to them later
SOCIAL SECURITY Takes money from wage earners with the promise that the money will be invested in a "Trust Fund" and made available later.

BERNIE MADOFF Instead of investing the money Madoff spends it on nice homes in the Hamptons and yachts.
SOCIAL SECURITY Instead of depositing money in a Trust Fund the politicians use it for general spending and vote buying.

BERNIE MADOFF When the time comes to pay the investors back Madoff simply uses some of the new funds from newer investors to pay back the older investors.
SOCIAL SECURITY When benefits for older investors become due the politicians pay them with money taken from younger and newer wage earners to pay the geezers.

BERNIE MADOFF When Madoff's scheme is discovered all hell breaks loose. New investors won't give him any more cash.
SOCIAL SECURITY When Social Security runs out of money they simply force the taxpayers to send them some more.

Bernie Madoff is in jail.
Politicians remain in Washington.
Click to expand...

Well where the heck did ya think ol' Bernie got his grand ideas???
 
Bittermark said:
Seriously, what insurance company puts their insurers money in a "trust fund" and just lets it get eaten up and wasted due to inflation? What ignorant cunts.
Click to expand...

Yes, you are an ignorant cunt~~~ Our Government is not an insurance company...well...err after Obamacare gets done with it maybe it will be.

No, really doofus dork, SS was a guaranteed fund not to be touched...DOH! Then the government went and gave itself permission so long as the money was backed with "guaranteed bonds"...heres' laughing at asshole idiot thinkers like you!

NO MO MONEY LEFT

PARKERSBURG, W.Va. (AP) -- The retirement nest egg of an entire generation is stashed away in this small town along the Ohio River: $2.5 trillion in IOUs from the federal government, payable to the Social Security Administration.

It's time to start cashing them in.

For more than two decades, Social Security collected more money in payroll taxes than it paid out in benefits - billions more each year.

Not anymore. This year, for the first time since the 1980s, when Congress last overhauled Social Security, the retirement program is projected to pay out more in benefits than it collects in taxes - nearly $29 billion more.
 
In preparation for the boomer cycle, we can cut benefits 5% and raise taxes 5%. Then lower it/raise it back when they've all died off. It's not an awe-inducing insolvable problem.
 
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