Quote:
Originally Posted by jms62
The world-wide banking system is a Ponzi scheme if you really want to nit-pick. SS would be in a hell of a lot better shape if the government wasn't allowed to loot it and replace assets with IOU's. What other option is there? Let Wallstreet run it and loot it for billions?
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i know people like to say that social security is a ponzi scheme. but it's not. ponzi's fail when people stop paying in; i don't see any sign that they will quit witholding social security.
as for privatizing social security...banks and finance houses would LOVE to get their hands on that money, which should cause every person with any sense at all to immediately halt thinking privatizing would be a good thing. investments come with no guarantees-does anyone want to play with ss? i don't. it's not the only fund i will rely on at retirement. i want to not have to worry about it exploding like peoples pensions-does everyone want to join in the fun that enron retirees got to enjoy? where's their pensions?