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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 59142  
Subject: Re: Surowiecki on Soc Sec, Medicare Date: 2/3/2013 4:05 PM
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<<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
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