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Herr Otto, is Social Security a success in your mind?
If a man in 1980 took the same money that is taxed for SS and invested it in a mutual fund, would the return be less, the same, or approximately 42 times greater than the return from SS?
Does it really...
"a form of fraud in which belief in the success of a nonexistent enterprise is fostered by the payment of quick returns to the first investors from money invested by later investors."
Everyone pays until they retire. Is the US Government a nonexistent enterprise? And what quick returns?
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Does SS promise high returns? NoHow about using the WHOLE definition. Typical progressive. You assholes lie more than Trump ever could...
"What Is a Ponzi Scheme?
A Ponzi scheme is a fraudulent investing scam promising high rates of return with little risk to investors. A Ponzi scheme is a fraudulent investing scam which generates returns for earlier investors with money taken from later investors. This is similar to a pyramid scheme in that both are based on using new investors' funds to pay the earlier backers.
Both Ponzi schemes and pyramid schemes eventually bottom out when the flood of new investors dries up and there isn't enough money to go around. At that point, the schemes unravel.
Ponzi Schemes: Definition, Examples, and Origins
A Ponzi scheme is an investment scam that pays early investors with money taken from later investors to create an illusion of big profits.www.investopedia.com
For the majority of Americans SS is the only thing that keeps them out of poverty in old age.
If you think that it is not a success, run for office on that platform.
Yes…like Social Security. The egregiously unconstitutional insolvent nightmare that has bankrupted the United States.Like the 40 work week? Social Secuity?
Because the federal government unconstitutionally took all of their money in their young age.For the majority of Americans SS is the only thing that keeps them out of poverty in old age.
It is literally a Ponzi Scheme. Those who came before receive money from those who just arrived.So, using both definitions you still want to call it a ponzi scheme?
www.theblaze.com
Yes, if everyone set aside some money from every paycheck and invested it wisely, they would undoubtedly do better than they'll get from SS.
However, that's not reality. People do not save, people do not know how to invest. Most live paycheck to paycheck...and spend all disposable income on junk.
SS is to provide some degree of financial security to everyone...so we don't have a bunch of homeless old goats dying in the streets.
Define those just arrived.It is literally a Ponzi Scheme. Those who came before receive money from those who just arrived.
Define "all" of their money.Because the federal government unconstitutionally took all of their money in their young age.
SS has bankrupted the US or A? When?Yes…like Social Security. The egregiously unconstitutional insolvent nightmare that has bankrupted the United States.
The left is so dumb, they literally celebrate their own failures
SS has bankrupted the US or A? When?
If you think SS is unconstitutional you're a fool.
If you think it is not a success, pony up a run for office on it's cancellation.
Swing and a miss.Now you ignorant fool.
$30 trillion in debt and counting. The biggest expenditure? Social SecuritySS has bankrupted the US or A? When?
The federal government is explicitly restricted to 18 enumerated powers by the US Constitution and (forced) retirement plans are not one of those powers.If you think SS is unconstitutional you're a fool.
You lost this debate on facts, son. Social Security is an unmitigated disaster. It’s a Ponzi Scheme. It’s unconstitutional. And arguing “run for office on canceling it” is the battle cry of someone who lost on the facts.If you think it is not a success, pony up a run for office on it's cancellation.
People entering the work force for the first time - paying taxes for the first time. They are the equivalent of those who are the latest to join the Ponzi scheme.Define those just arrived.
So to recap, we have a record 10.9 million job openings, but 183,000 people have dropped out of the labor force because the Dumbocrats incentivize them not to work.The decline is due in part to 183,000 people dropping out of the labor force as opposed to unemployed workers finding new jobs.
This is also the second month in a row of lackluster job gains that have fallen about 700,000 below expectations.
Normally, these last two subpar job reports would be bad news for unemployed workers. But with a record high 10.9 million job openings in the U.S., the poor job gains are perhaps most troubling for employers and consumers.
www.dailysignal.com
So, rates of employment jumped in red states with incentive maga fuckup governors?Nothing destroys an economy faster than the failed and idiotic left-wing ideology...
So to recap, we have a record 10.9 million job openings, but 183,000 people have dropped out of the labor force because the Dumbocrats incentivize them not to work.
More Bad Policies and Spending Will Worsen Employment Situation
A September report shows a modest employment gain and an unemployment drop from 5.2% to 4.8%, yet many have dropped out of the workforce.
So, rates of employment jumped in red states with incentive maga fuckup governors?
No, not it didin't.
californianewstimes.com
