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Pastimes : Let's Talk About Our Feelings!!! -- Ignore unavailable to you. Want to Upgrade?


To: Lizzie Tudor who wrote (71915)1/10/2000 8:51:00 PM
From: Michael M  Read Replies (1) | Respond to of 108807
 
1. Someone who bought AOL in 96. 2. Someone who bought Iomega in 96. Sounds like someone bought an insurance policy, paid his premiums and the insurance company, instead of investing the premiums (or even putting them under the mattress), spent the premiums on other interesting social experiments. Now the insurance fund is a little light -- the cure -- well, just don't pay the policy holders if they happen to already have some money. What a country!!!

M



To: Lizzie Tudor who wrote (71915)1/11/2000 7:42:00 AM
From: Zoltan!  Respond to of 108807
 
>>If someone can give me better words for 1) someone who pays $1 into a system and takes $20 out, and 2) someone who puts $20 into that same system and takes $1. out - I would use those definitions. The first sounds like welfare.

So you understand (1) why SS was so wildly popular at its inception. It was a free lunch by FDR and his party.

Sooner or later the dynamics of that fraud would turn into the latter (2) for most.

The day of reckoning, collapse, has been delayed because of two factors:

The huge shift of women into the work force and the virtually unregulated inflow of immigrants.