Welfare Nation- One third of US wages now come from handouts

[Beemnseven]

Let's see ... the government says a worker has to pay into the social security system so that money can be used to pay him a dividend at a later time. Instead, the govenrment puts that money into the general fund, spends it, and takes from somebody else to pay the original worker the benefits he was promised.

Classic definition of a ponzi scheme. If any private citizen came up with a fraud like Social Security, they'd be thrown in jail.

[firstdown]

Originally Posted by Beemnseven

Let's see ... the government says a worker has to pay into the social security system so that money can be used to pay him a dividend at a later time. Instead, the govenrment puts that money into the general fund, spends it, and takes from somebody else to pay the original worker the benefits he was promised.

Classic definition of a ponzi scheme. If any private citizen came up with a fraud like Social Security, they'd be thrown in jail.

Thats the same thing Madoff did with investors money. You know its one thing to force me to put into the system but at least take my Fu%$ing money and put it into what your taking it for. I'm in the insurance business and the federal government teaches us that its a crime to do what they do with SS money. We have to take continued ed every other year and part of that is repeated fraud education. Its funny because one instructor actual used SS as an example of what illegal to do with investors money.