View Poll Results: Is Social Security a Ponzi Scheme?

Voters
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  • Yes - absolutely

    41 42.71%
  • Yes - it's more-or-less the same as

    35 36.46%
  • No - but it's pretty close

    5 5.21%
  • No - not even close

    24 25.00%
  • Social Security is safe and secure, please stop scaring people.

    14 14.58%
  • This is a crummy question with no relevance.

    1 1.04%
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Thread: Is Social Security a Ponzi Scheme?

  1. #51
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    Re: Is Social Security a Ponzi Scheme?

    Yes it is a Ponzii scheme you are FORCED to participate in.

  2. #52
    warrior of the wetlands
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    Re: Is Social Security a Ponzi Scheme?

    Quote Originally Posted by sawyerloggingon View Post
    Yes it is a Ponzii scheme you are FORCED to participate in.
    ask a liberal why people should not be able to opt out. Normally its due to the obvious fact its an income redistribution scheme after all



  3. #53
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    Re: Is Social Security a Ponzi Scheme?

    Social security isn't a Ponzi scheme because it isn't fraudulent. Anyone with a brain could figure out that the people getting checks when the program first started obviously couldn't have paid anything substantial into it.

  4. #54
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    Re: Is Social Security a Ponzi Scheme?

    Quote Originally Posted by TurtleDude View Post
    ask a liberal why people should not be able to opt out. Normally its due to the obvious fact its an income redistribution scheme after all
    SS is obviously an income redistribution scheme, on the point there is no doubt. However, it is vital institution and certainly not a liberal one. Bismark didn't invent modern social security because he gave a crap about social welfare, he did it to insure enough social stability to thwart revolutionaries and communists.

  5. #55
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    Re: Is Social Security a Ponzi Scheme?

    Quote Originally Posted by rathi View Post

    Social security isn't a Ponzi scheme because it isn't fraudulent.
    Well, sure, but if you change the definition of what a ponzi scheme is, then it's a ponzi scheme.

  6. #56
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    Re: Is Social Security a Ponzi Scheme?

    Quote Originally Posted by rathi View Post
    Social security isn't a Ponzi scheme because it isn't fraudulent. Anyone with a brain could figure out that the people getting checks when the program first started obviously couldn't have paid anything substantial into it.
    The government is full of fraud and misinformation.

    "What we have here is a misallocation of valuable resources, sir. . ."
    Last edited by Aunt Spiker; 09-10-11 at 10:14 PM.
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    It has happened before, but there is nothing to compare it to now.
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  7. #57
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    Re: Is Social Security a Ponzi Scheme?

    The system needs to be reworked and privatized for people young enough to build funds to retire on.

    I paid into SS for over 40 years and it works for me.

  8. #58
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    Re: Is Social Security a Ponzi Scheme?

    Quote Originally Posted by Redress View Post
    And it cannot be considered one. Not even called like one. The differences are significant and rule out any direct comparison.

    AUSTAN GOOLSBEE: I think the world vests too much power, certainly in the president, probably in Washington in general for its influence on the economy, because most all of the economy has nothing to do with the government.

  9. #59
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    Re: Is Social Security a Ponzi Scheme?

    Quote Originally Posted by Boo Radley View Post
    And it cannot be considered one. Not even called like one. The differences are significant and rule out any direct comparison.
    actually it can be called a ponzi scheme. and it is one though legal since the government permits it



  10. #60
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    Re: Is Social Security a Ponzi Scheme?

    Quote Originally Posted by Boo Radley View Post
    And it cannot be considered one. Not even called like one. The differences are significant and rule out any direct comparison.
    It looks like it meets the definition of a Ponzi Scheme.

    Ponzi Scheme | Define Ponzi Scheme at Dictionary.com
    : an investment swindle in which early investors are paid with sums obtained from later ones in order to create the illusion of profitability
    "A nation can survive its fools, and even the ambitious. But it cannot survive treason from within. An enemy at the gates is less formidable, for he is known and carries his banner openly. But the traitor moves amongst those within the gate freely, his sly whispers rustling through all the alleys, heard in the very halls of government itself. For the traitor appears not a traitor; he speaks in accents familiar to his victims, and he wears their face and their arguments, he appeals to the baseness that lies deep in the hearts of all men. He rots the soul of a nation, he works secretly and unknown in the night to undermine the pillars of the city, he infects the body politic so that it can no longer resist. A murder is less to fear"

    Cicero Marcus Tullius

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