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Politics : Formerly About Advanced Micro Devices
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To: i-node who wrote (161715)2/20/2003 12:31:37 PM
From: Tenchusatsu  Read Replies (2) of 1576893
 
David, <Social Security is nothing more than a giant Ponzi (pyramid) scheme. As such, it was never actuarily sound, even from its earliest days.>

What I learned in school was that with Social Security, the government takes part of your paycheck, puts it away until your retirement, then pays that money back to you as retirement benefits.

Of course, reality struck and I later learned what a myth that was. Now it's just a handout program, the Ponzi scheme that you correctly point out, but no politician has the courage to.

Tenchusatsu
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