Quote:
Originally Posted by GenuineRisk
Social Security isn't a Ponzi scheme.
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Sure it is.
If it looks like a duck, walks like a duck, and quacks like a duck, it is, for all intents and purposes, a duck.
It was mathematically doomed to fail from the moment it was started. That's what makes it a Ponzi scheme. I'd say that if it was a Republican idea too. It's just a BAD idea. I'm not calling it a Ponzi scheme for any political motives.
I'm angry that I'm being forced to support a program that is doomed to fail, most likely before I get a penny. Even if it continues, I lose money that I worked for. It's a federally mandated absurity. I'd rather put that same amount of money toward another retirement fund that will actually yield a gain.
The program is a loser. Note the NEGATIVE lifetime "benefits" shown in the graph below. Wake up. It's time to kill this monstrous leech.
If they said tomorrow that I could opt out so long as I didn't just keep that money as net pay to spend, but that I had to select an investment program, I'd be all for it.