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Politics : The Castle -- Ignore unavailable to you. Want to Upgrade?

To: TimF who wrote (3042)	3/9/2004 7:41:10 PM
From: Lazarus_Long	Read Replies (1) \| Respond to of 7936

"I heard some old lady from some liberal think tank on NPR this morning who claimed that young people who think that Social Security is a Ponzi sheme have been sold "a bill of goods" by Cato. Yessum. I happen to have the deed to the Golden Gate Bridge in my back pocket. Care to buy it? REAL cheap. However, I will concede that Social Security is not in fact a Ponzi scheme. Such scams ultimately fail because they rely on voluntary contributions. When the pyramid becomes shaky, the base crumbles and there is no way to force people back into the scam. With Social Security, however, people can and will be forced to make ever higher contributions for an ever smaller return. All that being said, I wish Social Security were a real Ponzi scheme, I could refuse to partake and watch the pyramid crumble. As it is, I will contribute for the rest of my life to receive a majorly suckass rate of return when I retire." Excellent point. Perhaps we could get the gov't to make it a Ponzi scheme? At least it's honest then.