Thursday, September 8, 2011

Wake up MSNBC! Social Security is the Biggest Ponzi Scheme Ever Created.

When young people pay into a system that provides benefits to the elderly, and there is no chance that the youth will have the privilege in the future to those same benefits, you have a ponzi scheme.  To make matters worse, the surplus in the trust fund has been used to finance our past federal deficits.  And to top it off the inflationary policies of the Federal Reserve have allowed prices to rise with no equal rise in the amount of benefits to the recipients of the current checks.  Who is the culprit?  Anyone who yields the principles of the free markets to government centralized planning is guilty of leading us down this path of bankruptcy. 

1 comment:

  1. No... ponzi scheme's are, by definition, voluntary investments. It is and always has been completely involuntary on my part. I've actually thought about becoming Amish just so I won't have to pay into SS ;)

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