2 votes

Social Security Ponzi Scheme Coming To An End

Social Security Ponzi Scheme Coming To An End

Chris | InformationLiberation
Analysis posted Aug 08 2012, 7:04 AM

Socialist security, possibly the world's largest wealth redistribution scheme in history is finally now coming to an end. Like a scam chain letter, the first people who "sent in a dollar" got a hundred back in return, but the last pay in and get nothing. Such is the case now with socialist security reports the AP, "People retiring today are part of the first generation of workers who have paid more in Social Security taxes during their careers than they will receive in benefits after they retire. It’s a historic shift that will only get worse for future retirees."

Unfortunately, unlike a scam pyramid scheme chain letter, citizens are not allowed to opt out, so everyone from now on will be paying in with the guarantee they will be losing money, and getting absolutely no "security." Rather than a "social safety net," it's a ring of jail bars locking everyone into perpetual debt slavery. Such a situation cannot continue for very long, and as the AP notes, it will only get worse as more and more of the baby boomers retire.

“For the early generations, it was an incredibly good deal,” said Andrew Biggs, a former deputy Social Security commissioner who is now a scholar at the American Enterprise Institute. “The government gave you free money and getting free money is popular.”

Read more: http://www.informationliberation.com/?id=40468



Trending on the Web

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.

Not just this generation. If

Not just this generation. If you retired after 1985, you end up losing money on SS (in general. You could always live to 110 and come out well ahead!).

Plan for eliminating the national debt in 10-20 years:

Overview: http://rolexian.wordpress.com/2010/09/12/my-plan-for-reducin...

Specific cuts; defense spending: http://rolexian.wordpress.com/2011/01/03/more-detailed-look-a

Social Security is not a Ponzi Scheme

Because the latter is not mandatory. To me this means that Social Security is even more unethical than a Ponzi Scheme.

Yep. Once Dr. Paul is in, I'm

Yep. Once Dr. Paul is in, I'm headed to HR to get it off my paycheck and whatever else I need to do to opt out, and investing that money into silver/copper rounds.

End The Fed!
BTC: 1A3JAJwLVG2pz8GLfdgWhcePMtc3ozgWtz

There you go!

Now you're talkin chicky!

HR - dasohio

After reading the article and invisioning all of us as a bunch of cows being owned by our farmer (govt) it made me laugh when I read your comment about going to the Human Resources Dept to get your SS witholding changed. How bizarre is it that we slaves think there is nothing unusual about reporting to a "Human Resources" dept when we want to request that our "masters" make a change to our "paperwork"?

I can see you now...walking out of the Slave Masters office smiling like you just stuck it to the man by no longer paying into the SS ponzi scheme but being totally oblivious to the fact that you are still a slave. And how pissed will you be when you get your next check only to find out the slave masters have come up with a personal carbon footprint tax that now has to be deducted from each check that ends up being more than what SS used to cost you?

Organizations with a monopoly on legalized theft don't stop stealing just because shell game (x) has been figured out. There will always be a next "social security" witholding tax...it will just have another name.

(Not picking on you btw...we are all cows. Some of our teets have been sucked on much longer than others)

I know what you mean.

I know what you mean. Sometimes I wonder why they even tax us at all... when they need money they just print it. Scams all around.

End The Fed!
BTC: 1A3JAJwLVG2pz8GLfdgWhcePMtc3ozgWtz