Active Users:1072 Time:10/09/2026 07:25:41 AM
Back to Messageboard Post New Thread Search Help Stats Rules
I believe if you check civilizations record you will find the human population has steadily risen. Joel Send a noteboard - 04/03/2013 05:08:38 AM

View original post
Social Security was NEVER sustainable. The sustainability of the program when it was presented was an illusion. Its sustainability was based on the US population increasing WITHOUT END. This is a complete physical impossibility, not to mention contrary to all the recorded history of advancing civilizations. It is not now, nor was it ever, a perpetually sustainable program, BECAUSE it is structured as a Ponzi. As long as there is no capital investment and growth, it can not survive, PERIOD. It is simple math (though with VERY big numbers).

A secondary argument against the program is that it is a VERY bad program (just how bad it is becomes hidden behind those same really big numbers). For every person you can point to and say "see it helped this person" or "It kept that person out of poverty" I can point to that same person and run the numbers for them and show you how much money they COULD HAVE HAD instead with a real investment plan. It is a very basic time/value of money calculation.

With the exception of a few first generation SS retiree recipients everyone else for the last 65 years has been hosed.


I believe you will also find the number of people too young, old and/or disabled to work has almost invariably been only a tiny fraction of those who are not.
Honorbound and honored to be Bonded to Mahtaliel Sedai
Last First in wotmania Chat
Slightly better than chocolate.

Love still can't be coerced.
Please Don't Eat the Newbies!

LoL. Be well, RAFOlk.
This message last edited by Joel on 04/03/2013 at 05:09:04 AM
Reply to message
Can You Name the Largest US Program to ANNUALLY Collect More Than It Spent for 75 Straight Years? Joel - 28/02/2013 11:03:18 PM 1677 Views
Medicare? *NM* Aisha - 28/02/2013 11:38:22 PM 727 Views
No, Medicare has only been around about half as long. Joel - 28/02/2013 11:56:32 PM 1109 Views
Medicare has its own problems, and caused many more. You really do not want to have this debate. HyogaRott - 03/03/2013 03:03:15 PM 1034 Views
No, I do not, because Medicare and torts are invariably scapegoated for all problems with healthcare Joel - 04/03/2013 12:52:37 AM 1119 Views
I can argue with anyone on this (and have) btut first we need to break out that dictionary HyogaRott - 04/03/2013 04:45:06 AM 1007 Views
I am sure you can and have; ability to form arguments does not automatically grant them validity. Joel - 11/03/2013 09:56:11 PM 1103 Views
Like I said, short conversation, once everyone uses the same definitions. HyogaRott - 13/03/2013 03:28:52 PM 1086 Views
From the way you're shitting yourself with glee, I'm going to say Social Security. Cannoli - 01/03/2013 12:45:50 AM 1215 Views
Hot dog, we have a wiener! Joel - 01/03/2013 01:40:18 AM 1192 Views
Also unlike Ponzis, Social Security was not meant to profit—it just did anyway. For 75 years. Joel - 01/03/2013 01:55:46 AM 1060 Views
It is a "Ponzi" by definition, any argument to the contrary just makes you look ignorant. HyogaRott - 02/03/2013 12:02:46 PM 1121 Views
Wait: An insurer is saying insurance is a Ponzi scheme? Joel - 04/03/2013 12:56:30 AM 1098 Views
You are making even lese sense than usual... Quite an acomplishment. *NM* HyogaRott - 04/03/2013 03:31:39 AM 643 Views
Maybe, but my math usually checks, and I never have to explain what I omitted. Joel - 11/03/2013 09:55:50 PM 1189 Views
My math ALWAYS "checks" - it isn't personal, you are just making absolutely no sense, *NM* HyogaRott - 13/03/2013 03:27:11 PM 579 Views
It's the world's greatest Ponzi scheme, since the government forces us to give money to it. Anonymous2000 - 01/03/2013 01:05:05 PM 1073 Views
Yes, "government forcing people to give money" defines a Ponzi; speeding tickets are Ponzis. Joel - 01/03/2013 03:53:02 PM 1153 Views
Good lord my friend..... Anonymous2000 - 02/03/2013 04:19:35 AM 1080 Views
I will just link what Isaac said; maybe then you will pay attention to it. Joel - 02/03/2013 04:56:34 AM 1147 Views
I really think you terribly misread what I said *NM* Isaac - 02/03/2013 06:59:56 AM 587 Views
Yes he did. He has very poor reading comprehension skills. *NM* Anonymous2000 - 03/03/2013 01:07:59 AM 608 Views
I really do not think I did. Joel - 04/03/2013 01:43:02 AM 1173 Views
I'm pretty confident you have Isaac - 04/03/2013 11:49:19 AM 1148 Views
We evidently disagree on what constitutes a Ponzi scheme. Joel - 11/03/2013 09:56:27 PM 1078 Views
No, I agree with a clear definiton, you seem not to want to absorb that Isaac - 11/03/2013 10:24:47 PM 1268 Views
It is neither an investment nor fraudulent. Joel - 12/03/2013 02:34:09 AM 1338 Views
Re: Yes, "government forcing people to give money" defines a Ponzi; speeding tickets are Ponzis. HyogaRott - 02/03/2013 12:22:34 PM 1147 Views
Fraud="money contributed is NOT invested for the contributor, but instead redistributed to others"? Joel - 04/03/2013 12:51:30 AM 1095 Views
You can try and misrepresent what I have said all you want, you are still wrong. HyogaRott - 04/03/2013 03:45:24 AM 1154 Views
Dude, how is QUOTING you misrepresenting you?! And why must I ALWAYS ask that in these threads? Joel - 11/03/2013 09:56:18 PM 1139 Views
Well, can you get more wrong? HyogaRott - 13/03/2013 03:45:08 PM 1050 Views
Okay, that's a really weird or naive standard to judge SS by Isaac - 01/03/2013 05:25:11 PM 1097 Views
Great; will you put that on a postcard to Cannoli, A2K, Rick Perry and the rest of your party? Joel - 01/03/2013 07:39:44 PM 1138 Views
I don't think I'd be telling them anything they don't already know... I mostly agree with them Isaac - 02/03/2013 05:38:56 AM 1302 Views
Means testing is flat out WRONG, and the contribution limit is a sticky debate HyogaRott - 02/03/2013 12:43:09 PM 1069 Views
Tell that to him not me, I didn't express an opinion and my implied one obviously doesn't favor it Isaac - 02/03/2013 05:28:14 PM 1186 Views
I was, I just hit the repy under the wrong post. He was the first to bering the two topics up. *NM* HyogaRott - 03/03/2013 04:09:34 AM 590 Views
It is insurance against old age poverty, not a longevity lottery. Joel - 04/03/2013 02:00:24 AM 1172 Views
It is not insurance, it is a pension plan, that also contains an overpriced LT disability insurance. HyogaRott - 04/03/2013 04:00:42 AM 1181 Views
Social Security Insurance; says so right on the label. Joel - 11/03/2013 09:53:33 PM 1318 Views
You can call it BedroomWindowVitamins but it does not change what it acutally IS. HyogaRott - 13/03/2013 04:34:42 PM 1074 Views
"Sustainable"=/="profitable;" bankruptcy was not always a given, as your fellows claim.. Joel - 04/03/2013 01:35:04 AM 1065 Views
Sustainable often means profitable, they are not universally synonmous but both at once is ideal Isaac - 04/03/2013 12:25:45 PM 1073 Views
That is the IDEAL, but NOT point: Sustainability needs no profit, yet profit ensures sustainability. Joel - 11/03/2013 09:56:48 PM 1558 Views
Your attacks on republican ideals would have more credit if you understood them random thoughts - 02/03/2013 04:27:34 AM 1119 Views
An ironic charge, since their defenses of those ideals typically suffer from the same defect. Joel - 02/03/2013 04:51:32 AM 1084 Views
I'm rubber you're glue, whatever you say bounces of me and sticks to you. nyah, nyah, nyah HyogaRott - 02/03/2013 12:58:10 PM 1013 Views
"Unsustainable"=/="meeting monthly obligations for 75 YEARS and still having $2.5 trillion left." Joel - 04/03/2013 01:03:09 AM 1150 Views
Please look up the definition of sustainable. Hint: "its worked so far" isn't it. HyogaRott - 04/03/2013 04:25:19 AM 1159 Views
"As it is currently constructed/funded" is one HELL of a qualifier. Joel - 04/03/2013 04:41:30 AM 1198 Views
You just don't get it, or apparently are so in love with your political ideology you won't. HyogaRott - 04/03/2013 04:58:15 AM 993 Views
I believe if you check civilizations record you will find the human population has steadily risen. Joel - 04/03/2013 05:08:38 AM 1061 Views
*sigh* HyogaRott - 04/03/2013 12:15:22 PM 1063 Views
Birth RATES have fallen; POPULATION steadily rose in every period except the Black Deaths peak. Joel - 11/03/2013 09:56:36 PM 1367 Views
Re: Declining birth rates are the key HyogaRott - 13/03/2013 04:47:41 PM 1162 Views
Ironic that you would make my point while arguing against random thoughts - 04/03/2013 06:12:29 PM 985 Views
? Joel - 11/03/2013 09:56:59 PM 1187 Views
you mistate his posistion and then rationalize that you know what he really meant random thoughts - 13/03/2013 12:06:44 PM 1006 Views
aH yes the great liberal investmetn/retirement plan that offers me a NEGATIGVE rate of return... HyogaRott - 02/03/2013 11:51:50 AM 1051 Views
Do you sincerely believe people earning $14,560/year can afford investing 4% of it? Joel - 04/03/2013 12:53:30 AM 1208 Views
*sigh* HyogaRott - 04/03/2013 03:43:08 AM 1046 Views
I tried it with compound interest; $44.80/month at 4% for 50 years still does not get to $1.25 mill. Joel - 04/03/2013 04:24:51 AM 1086 Views
Here are some clues. HyogaRott - 04/03/2013 04:37:39 AM 958 Views
It is math, not the Riddle of the Sphinx: EIther it adds up or does not. Joel - 04/03/2013 05:02:39 AM 1098 Views
Math is simple - Either you know how to calculate it or you don't HyogaRott - 04/03/2013 11:55:24 AM 1220 Views
Indeed. Joel - 11/03/2013 09:53:59 PM 1140 Views
Re: Indeed. HyogaRott - 13/03/2013 05:00:10 PM 1274 Views
SS is supposed to supplement a proper pension, not provide your sole income after retirement moondog - 05/03/2013 03:53:03 AM 977 Views
Did you bother to actually read anything? HyogaRott - 05/03/2013 02:32:16 PM 1053 Views
do *YOU* know what "living in poverty" means? moondog - 05/03/2013 05:49:14 PM 1145 Views
Re: do *YOU* know what "living in poverty" means? --- yeah, I've BEEN there. HyogaRott - 05/03/2013 08:01:33 PM 1069 Views
how about respond to a post with logic and civility instead of being a troll for once? moondog - 05/03/2013 11:03:00 PM 1200 Views
All I have used is civility and logic, or least as much civility as was warrented. HyogaRott - 06/03/2013 04:28:04 AM 1138 Views
yeah, it's my fault for stooping to your level.... moondog - 08/03/2013 07:22:24 PM 1184 Views
Re: yeah, it's my fault for stooping to your level.... HyogaRott - 10/03/2013 01:42:26 PM 1047 Views
i'm not going to keep going in circles so i will finish with this.... moondog - 11/03/2013 10:08:53 PM 1347 Views
No loss. HyogaRott - 13/03/2013 04:37:41 PM 994 Views
"Rah! Rah! Rah!" Can we please cut out all this blather and bile? Stephen - 05/03/2013 11:53:41 PM 1066 Views
spoken like a true enemy of the state! moondog - 06/03/2013 12:54:38 AM 1011 Views
Re: spoken like a true enemy of the state! Stephen - 08/03/2013 03:04:37 PM 1072 Views
I was not trolling, but clarifying. Joel - 11/03/2013 09:53:48 PM 1134 Views
Back to Messageboard Post New Thread Search Help Stats Rules

Reply to Message

Block Quote Paragraph Quote
Formatting
Smiley Codes