Active Users:234 Time:20/05/2024 02:03:11 PM
*sigh* HyogaRott Send a noteboard - 04/03/2013 12:15:22 PM

View original post
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.

I believe you might want to do a little actual research before spouting off, you are WRONG.

Birth rates in every industrialized nation throughout history have declined (probably has a little something to do with the reduced farming population needed, but that is an assumption). This is a historical fact and easily known if you bothered to look. The ratio of workers to SS recipients began at 7:1 and has steadily fallen ever since (you must ALWAYS keep in mind that recipients are paid with current contributions, not invested capital). From the moment it began, its only destiny was failure.

I get that in your liberal political ideology Social Security is a wonderful concept. I get that. OK, fine, whatever, but facts are facts. The Social Security model that has been saddled upon the American People was crafted by morons, it was not, and could not, ever actually work indefinitely; and the people who put it together knew it, and LIED to gain a political advantage.

Reply to message
Can You Name the Largest US Program to ANNUALLY Collect More Than It Spent for 75 Straight Years? - 28/02/2013 11:03:18 PM 1256 Views
It's the world's greatest Ponzi scheme, since the government forces us to give money to it. - 01/03/2013 01:05:05 PM 693 Views
Yes, "government forcing people to give money" defines a Ponzi; speeding tickets are Ponzis. - 01/03/2013 03:53:02 PM 811 Views
Good lord my friend..... - 02/03/2013 04:19:35 AM 736 Views
I will just link what Isaac said; maybe then you will pay attention to it. - 02/03/2013 04:56:34 AM 778 Views
I really think you terribly misread what I said *NM* - 02/03/2013 06:59:56 AM 408 Views
Yes he did. He has very poor reading comprehension skills. *NM* - 03/03/2013 01:07:59 AM 432 Views
I really do not think I did. - 04/03/2013 01:43:02 AM 811 Views
I'm pretty confident you have - 04/03/2013 11:49:19 AM 802 Views
We evidently disagree on what constitutes a Ponzi scheme. - 11/03/2013 09:56:27 PM 727 Views
No, I agree with a clear definiton, you seem not to want to absorb that - 11/03/2013 10:24:47 PM 867 Views
It is neither an investment nor fraudulent. - 12/03/2013 02:34:09 AM 931 Views
Okay, that's a really weird or naive standard to judge SS by - 01/03/2013 05:25:11 PM 744 Views
Great; will you put that on a postcard to Cannoli, A2K, Rick Perry and the rest of your party? - 01/03/2013 07:39:44 PM 763 Views
Your attacks on republican ideals would have more credit if you understood them - 02/03/2013 04:27:34 AM 755 Views
aH yes the great liberal investmetn/retirement plan that offers me a NEGATIGVE rate of return... - 02/03/2013 11:51:50 AM 663 Views
Do you sincerely believe people earning $14,560/year can afford investing 4% of it? - 04/03/2013 12:53:30 AM 832 Views
*sigh* - 04/03/2013 03:43:08 AM 666 Views
I tried it with compound interest; $44.80/month at 4% for 50 years still does not get to $1.25 mill. - 04/03/2013 04:24:51 AM 737 Views
Here are some clues. - 04/03/2013 04:37:39 AM 607 Views
It is math, not the Riddle of the Sphinx: EIther it adds up or does not. - 04/03/2013 05:02:39 AM 757 Views
Math is simple - Either you know how to calculate it or you don't - 04/03/2013 11:55:24 AM 842 Views
Indeed. - 11/03/2013 09:53:59 PM 749 Views
Re: Indeed. - 13/03/2013 05:00:10 PM 934 Views
SS is supposed to supplement a proper pension, not provide your sole income after retirement - 05/03/2013 03:53:03 AM 623 Views
Did you bother to actually read anything? - 05/03/2013 02:32:16 PM 695 Views
do *YOU* know what "living in poverty" means? - 05/03/2013 05:49:14 PM 762 Views
Re: do *YOU* know what "living in poverty" means? --- yeah, I've BEEN there. - 05/03/2013 08:01:33 PM 730 Views
how about respond to a post with logic and civility instead of being a troll for once? - 05/03/2013 11:03:00 PM 818 Views
All I have used is civility and logic, or least as much civility as was warrented. - 06/03/2013 04:28:04 AM 760 Views
yeah, it's my fault for stooping to your level.... - 08/03/2013 07:22:24 PM 813 Views
Re: yeah, it's my fault for stooping to your level.... - 10/03/2013 01:42:26 PM 680 Views
i'm not going to keep going in circles so i will finish with this.... - 11/03/2013 10:08:53 PM 1033 Views
No loss. - 13/03/2013 04:37:41 PM 619 Views
"Rah! Rah! Rah!" Can we please cut out all this blather and bile? - 05/03/2013 11:53:41 PM 695 Views
spoken like a true enemy of the state! - 06/03/2013 12:54:38 AM 663 Views
Re: spoken like a true enemy of the state! - 08/03/2013 03:04:37 PM 724 Views
I was not trolling, but clarifying. - 11/03/2013 09:53:48 PM 731 Views

Reply to Message