So Herschel Walker

[Fort Fun Indiana]

Do you even know what a Ponzi scheme is?

Yes. You apparently do not.

So.... when will re run out of people paying in? You must watch a lot of SciFi. And you definitely read too much zerohedge.

 

[LeroyDumonde]

I paid in. You paid in.

And if you're Gen X or younger then you're going to get paid less than what you paid in.

 

[Fort Fun Indiana]

And if you're Gen X or younger then you're going to get paid less than what you paid in.

Only if we are a nation of idiots that can't do basic math and who lick the boots of rich peole.

Which, we are.

 

[LeroyDumonde]

Yes. You apparently do not.

So.... when will re run out of people paying in? You must watch a lot of SciFi. And you definitely read too much zerohedge.

Because of population growth rates being as low as they are young people have to be taxed at growing rates to support the older population or the amount paid out has to decrease. Clinton had to increase the taxes on SS benefits to try to fix the problem

 

[Fort Fun Indiana]

Because of population growth rates being as low as they are young people have to be taxed at growing rates to support the older population or the amount paid out has to decrease. Clinton had to increase the taxes on SS benefits to try to fix the problem

So it's therefore not a Ponzi scheme. It's just idiots being bad at math and worshiping rich people.

 

[LeroyDumonde]

So it's therefore not a Ponzi scheme. It's just idiots being bad at math and worshiping rich people.

From https://www.investor.gov/protect-your-investments/fraud/types-fraud/ponzi-scheme

"A Ponzi scheme is an investment fraud that pays existing investors with funds collected from new investors. "

That's literally how Social Security works. People collecting benefits today get that money from the people paying SS taxes today.

 

[Fort Fun Indiana]

"A Ponzi scheme is an investment fraud that pays existing investors with funds collected from new investors. "

Irrelevant, it's not an investment plan with an expected profit.

Nor will we run out of people paying in. Ever.

When you go to the bank and withdraw $5, do you insist it was the same $5 bill you deposited last week?

You must.

 

[LeroyDumonde]

Irrelevant, it's not an investment plan with an expected profit.

For those of us who are Gen X or younger we're going to get a negative return rate on this fraudulent investment. Boomers and older have made a profit.

 

[Fort Fun Indiana]

For those of us who are Gen X or younger we're going to get a negative return rate on this fraudulent investment.

Sure, if we keep electing stupid peope and keep licking the boots of rich people.

And it's not an investment plan.

Ponzi schemes fail because the expected profit is paid solely by new capital investment, and the investors dry up.

People will not stop being born. Not a Ponzi Scheme. That's a radical right wing talking point, and it is stupid.

 

[Crepitus]

WHOOPSIE!!!!!

I was right, the whole MAGA party is suffering from dementia.

 

[surada]

They're close friends and have been for decades. Shoots the shit out of the Trump is racist bullshit.

Trump used Hershel Walker when he bought that football team. Ruined Hershel 's career.

 

[Blisterfinger]

It's time! They'll do it now and you'll defend them. So maybe now is the time. Sure seems like the right time. If I were them I'd do it now.

I sure trust Trump musk and Vance more than the thieving lying Democrats.

 

[LeroyDumonde]

Sure, if we keep electing stupid peope and keep licking the boots of rich people.

And it's not an investment plan.

What happens to the money the government collects that doesn't go towards paying benefits?

Ponzi schemes fail because the expected profit is paid solely by new capital investment, and the investors dry up.

People will not stop being born. Not a Ponzi Scheme. That's a radical right wing talking point, and it is stupid.

It's a Ponzi scheme by the government's own definition of Ponzi scheme.

 

[blackhawk]

Some of you really need to stop listening to the voices in your head when they tell you click post.

 

[LeroyDumonde]

Some of you really need to stop listening to the voices in your head when they tell you click post.

I only listen to the voice that talks out of my ass.

 

[blackhawk]

I only listen to the voice that talks out of my ass.

Mine don’t speak English.

 

[sealybobo]

And if you're Gen X or younger then you're going to get paid less than what you paid in.

Are you another old fuck? You got yours but we can’t have it as good as you?

Hey, we deserve it. We voted for it. So go for it. We deserve it.

I’ll be fine and fuck my nephews. They’re richer than me and they voted for it. They’ll be fine too.

Just remember your way produces a small ruling class, small merchant class and the masses known as the rabble or working poor

 

[sealybobo]

I sure trust Trump musk and Vance more than the thieving lying Democrats.

Then you are probably an idiot. I don’t know what you did or what you do. Are you retired or rich? How old? Do you make the median or average salary or household income? Saving enough for retirement?

 

[August West]

Hard to believe this guy almost won in 2022. He may actually be dumber than Trump.

God, MAGA voters are imbeciles.

They're gun hugging imbeciles. That`s the scary part.

 

[LeroyDumonde]

Are you another old fuck? You got yours but we can’t have it as good as you?

I'm Gen X. SS screwed me by taking money from me that I could have invested into a index fund. Instead I'm getting a negative return.

Hey, we deserve it. We voted for it. So go for it. We deserve it.

I didn't vote for it and neither did you. It was imposed on us by the early beneficiaries of the Ponzi scheme.

I’ll be fine and fuck my nephews. They’re richer than me and they voted for it. They’ll be fine too.

Just remember your way produces a small ruling class, small merchant class and the masses known as the rabble or working poor

Every society is ruled by an aristocracy and always has. The West is run by an aristocracy of merchants. They set up SS and protect it so you know that they benefit from it.