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To: Safetgiver

You can’t get your money back. Your money is gone. What you get is other people’s money.


10 posted on 09/19/2014 7:38:04 AM PDT by House of Burgesses
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To: House of Burgesses
You can’t get your money back. Your money is gone. What you get is other people’s money.

When I put my money in the bank, they don't write my name on the specific bills I give them, put them in a vault and give me back the exact same bill I put in years ago.

When I pay taxes into SS (a bad deal for most workers by the way) what they give me is a claim against future SS taxes.

While the truth is that they squandered the SS Trust Fund long ago, I still have a valid claim against SS and their current income. Only the government can legally operate a ponzi scheme like this, but they can and do. I also realize that they can change my claim at the whim of Congress, but there are political consequences which resist this.

So, it is as much "my" money as a bank deposit. (As we have seen in Cyprus and other select countries, bank deposits can easily be taken by government.)

13 posted on 09/19/2014 8:11:54 AM PDT by CurlyDave
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