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To: KarlInOhio
You say it differently, and I would grant that you say it more accurately and better --

but is your conclusion that the math of Social Security is basically something that does not work? That is my conclusion. I see it as a Ponzi scheme.

7 posted on 10/08/2012 7:45:20 AM PDT by ClearCase_guy (ua)
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To: ClearCase_guy
I see it as a Ponzi scheme

Yes. The only way it has kept going this long is by raising the combined tax rate from 2% to 12.6% (temporarily lowered to 10.6% now) and raising the cap from $3,000 to $110,100 while if it kept up with inflation it would only be $46367.

8 posted on 10/08/2012 8:11:48 AM PDT by KarlInOhio (Big Bird is a brood parasite: laid in our nest 43 years ago and we are still feeding him.)
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To: ClearCase_guy

***I see it as a Ponzi scheme. ***

A few months ago AARP Bulletin had an editorial on how the SS program was NOT a Ponzi Scheme. Over and over the said the same thing in the article.
So, It is NOT a Ponzi Scheme!

Then a few pages on there was an article by Jane Bryant Quinn in which she told how the SS system worked. Her description, without saying it, was just like a Ponzi scheme.


10 posted on 10/08/2012 8:21:10 AM PDT by Ruy Dias de Bivar
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