UnThreaded | Threaded | Whole Thread (57) | Ignore Thread Prev | Next
Author: SeattlePioneer Big funky green star, 20000 posts Top Favorite Fools Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 78983  
Subject: Re: Surowiecki on Soc Sec, Medicare Date: 2/3/2013 4:05 PM
Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Recommendations: 3
<<My personaly priority is to protect current workers and young people in particular from going through additional generations as victims of this shell game.

Hard to see how current workers are being victimized when most will get Social Security benefits well in excess of what a GOP-approved, Wall Street managed insurance company would sell them in an annuity for the same price.


Since Social Security has NEGLIGIBLE real reserves and would shortly be BANKRUPT should current tax money not go to pay current benefits, your claims are absurd.

As you well know, Social Security beneficiaries havew zero legal claim, on any benefit should the Congress choose to change benefits or eliminate them, as they have done many times.

And if Gen X, Y and Z combined to change tax law to quit paying taxes into this bankrupt system, it would quickly collapse.

Social Seurity is a confidence game for suckers and a Ponzi scheme depending on new generations of suckers to keep paying taxes to avoid default.

And yes, insurance companies pay out less in benefits because they have ACTUAL INVESTMENTS AND RESERVES to pay benefits, rather than operating as Ponzi schemes.

Seattle Pioneer
Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (57) | Ignore Thread Prev | Next


Foolanthropy 2015!
Fistula Foundation: A World of Good!
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Post of the Day:
Simulations Plus

A Shorting Lesson Learned
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.