Dec
15
15
If You Think Bernie Madoff’s Ponzo Scheme Is Bad, Then You Should Be Outraged At America’s Social Security System
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Our social security system is a ponzi scheme. People get paid off when they retire far more money than they have invested. How does the government do it? By taxing the people coming into the work force to pay off those retiring. It is a ponzi scheme. When President Bush tried to do something about it, the Democrats rebelled. They wouldn’t even touch the retirement age. They said everything is fine. In essence, the Democrats said America’s Social Security Ponzi scheme is fine. This was the to
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