Toronado3800
Gold Member
- Nov 15, 2009
- 7,608
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This is not 1995. The Social Security, Medicare Ponzi Scheme has flipped. When the majority of the population (thanks to the boomer's) were working thinking they were paying massive excess into the system, the government was spending the entire nest egg & still managed to go even further into debt. Basically the boomer's paid nothing into the Social Security, Medicare & FICA system. They were actually just paying way higher taxes than they thought they were. Now that they are expecting to get paid back for all that money they think they paid into their entitlement account, the government must slash their expected entitlements & raise taxes while still increasing the debt.
Until recently: Taxes+SocialSecurity+Medicare+FICA+Deficits = General revenue spending.
Now: Taxes+Deficits = SocialSecurity+Medicare+FICA+General revenue spending.
You were always told socialism was a ponzi scheme, but you could not believe them because it all felt so good until now, that we ran out of other peoples money. The new healthcare tax is just another revenue stream to kick the socialist ponzi scheme 4 more years down the road. After paying into the healthcare scheme for 4 years & getting nothing in return, you will find out when the government cant pay the doctor bills when people start to demand actual healthcare. This government healthcare system is nothing but an empty shell ponzi scheme.
Not totally incorrect on social security. It is one that works fine if you use the initial retirement age as a percentage of life expectancy ans the income cut off as a number relative to the average income of the day.
Too bad the last generation of lazy americans wanted to be more exempt than their parents while retiring earlier.
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Far as health care as a ponzi sceme, weird. I always thought of the Truman/Eisenhower system as socialist where everyone is treated even if they dont pay. Thought the new system was an admission our hospitals dont turn those unable to pay away and an admission we absolutely have to pay our whole working lives to earn that right to treatment when broke.