Sure, SS is a scam. But, it has taken generations for it to have been proven a scam. Zooming in a little more, I consider scams to be shorter in duration. That’s just my .02.
And thus, I consider Henry Paulson’s $787 > $862 billion extortion from the US Treasury the single biggest scam ever.
“...And thus, I consider Henry Paulson’s $787 > $862 billion extortion from the US Treasury the single biggest scam ever...”
Congress approved and the president signed off on that bailout bill, where’s the scam?
Throw them out, throw them all out.
I’m pretty sure it was known that it was fraudulent when it was created, ptobably by its creators, including FDR. After all, it’s merely legal Ponzi scheme, which had been known for years.
from Wikipedia:
The scheme is named after Charles Ponzi,[1] who became notorious for using the technique in early 1920. He had immigrated from Italy to the United States in 1903. Ponzi did not invent the scheme (Charles Dickens’ 1857 novel Little Dorrit described such a scheme decades before Ponzi was born, for example), but his operation took in so much money that it was the first to become known throughout the United States