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Politics : Formerly About Advanced Micro Devices
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To: tejek who wrote (195733)7/25/2004 6:39:52 AM
From: Tenchusatsu  Read Replies (2) of 1572772
 
Ted, Let me see.......a pyramid scheme? You put money into a retirement fund so that you will have some income when you retire.

I thought we covered this before.

#reply-19210588

SS is indeed a Ponzi scheme, but that's the way it was set up in the first place. It worked back in 1935 because the ratio of payees to beneficiaries was a lot larger than it is now. People are living longer, but the retirement age is still 65, the same as when SS was set up back in the beginning.

Tenchusatsu
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