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No, I agree with a clear definiton, you seem not to want to absorb that Isaac Send a noteboard - 11/03/2013 10:24:47 PM

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View original postI don't consider it a Ponzi scheme, I think it currently relies on unsustainable methods and that many who resist fixing it either have the blind resistance of someone being fooled in a Ponzi scheme or the malicious self-centered attitude of the one who set it up. I doubt there are many of the latter. This just reflects my general disagreement with most people, left or right or mod, that the opposition has a disproportionate number of scumbags.


View original postNo, my attitude on SS, beyond my ideological objections to the current form and my pragmatic objections to its administration, is simply that it is unsustainable as it is in conjunction how we are. That lack of stability relates to the payments at their current level exceeding what the average individual's contribution has actually produced, this is the nature of a Pyramid Scheme, I just don't believe it qualifies as fraud since fraud requires a person to know they are saying something false for the purpose of deceiving someone to their harm and your benefit, and I don't think most people or politicians who favor SS would qualify. I happen to think Islam is not a true religion, nor Buddhisms, nor Catholicism, nor Wicca, etc, that hardly makes them fraud, just not true in my eyes. However, unlike religion or a lack thereof in civilized society, I can't ignore that it is wrong if not maliciously or fraudulently so because nobody makes me attend their temple but they do make me pay SS.


View original postThat I may differ with the others about the motives of the opposition's supporters really has jack to do with my view as to the actual flaws in SS, as I've said, and their remarks seem to support, we are of like mind.




View original postIf it is solely a matter of restructuring benefits to less than or equal to contributions we do not have a Ponzi scheme; one can rob Peter to pay Paul so long as there are always more Peters than Pauls, and steady population growth ensures that for the foreseeable future. The core problem with Ponzis is not the size of return but that they 1) require ever more investors yet 2) promise returns (size does not matter) so quickly the investor pool is static. Ponzis run out of new investors, and quickly; social security insurance is all but assured there will always be several times as many people working as >65, disabled and/or the surviving dependent of a worker.


View original postThe others remarks are, in summary, that SS was always unsustainable on any basis, because, as all Ponzis, beneficiaries must eventually exceed contributors. You say you disagree with their statement yet are in like mind with them, which is a logical contradiction.

I'm not sure how much clearer I can make this. A Ponzi scheme is "A Ponzi scheme is a fraudulent investment operation that pays returns to its investors from their own money or the money paid by subsequent investors, rather than from profit earned by the individual or organization running the operation. "

My disagreement revolves entirely around the word fraudulent. I follow the legal definition of fraud:

In the United States, common law recognizes nine elements constituting fraud:
1. a representation of an existing fact;
2. its materiality;
3. its falsity;
4. the speaker's knowledge of its falsity;
5. the speaker's intent that it shall be acted upon by the plaintiff;
6. the plaintiff's ignorance of its falsity;
7. the plaintiff's reliance on the truth of the representation;
8. the plaintiff's right to rely upon it; and
9. consequent damages suffered by the plaintiff.

Fraud requires all nine of those be established, more than one could be debated especially outside of intent to convict in court, but #4 is a safe bet, because unless someone wants to name a specific individual it is pretty obvious most liberals believe SS is not an innately flawed construct.

So, again, I do not consider it a Ponzi Scheme because I do not believe it was fraudulent, my disagreement with the others is essentially the difference between two people debating if an astrologer is a fraud or not, one saying she is and the other saying she believes in it thus not a fraud, but both agreeing there is little to no reason to believe in her forecasts.

I do not know how this keeps confusing you, and I am more than passing angry at what seems like a deliberate misreading of my comments. Especially when they are so clear and this disagreement with others of the type you suggest does not seem to exist in their eyes either.

The intuitive mind is a sacred gift and the rational mind is a faithful servant. We have created a society that honors the servant and has forgotten the gift.
- Albert Einstein

King of Cairhien 20-7-2
Chancellor of the Landsraad, Archduke of Is'Mod
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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 694 Views
Yes, "government forcing people to give money" defines a Ponzi; speeding tickets are Ponzis. - 01/03/2013 03:53:02 PM 812 Views
Good lord my friend..... - 02/03/2013 04:19:35 AM 737 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 803 Views
We evidently disagree on what constitutes a Ponzi scheme. - 11/03/2013 09:56:27 PM 728 Views
No, I agree with a clear definiton, you seem not to want to absorb that - 11/03/2013 10:24:47 PM 868 Views
It is neither an investment nor fraudulent. - 12/03/2013 02:34:09 AM 932 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 764 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 664 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 667 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 608 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 935 Views
SS is supposed to supplement a proper pension, not provide your sole income after retirement - 05/03/2013 03:53:03 AM 624 Views
Did you bother to actually read anything? - 05/03/2013 02:32:16 PM 696 Views
do *YOU* know what "living in poverty" means? - 05/03/2013 05:49:14 PM 763 Views
Re: do *YOU* know what "living in poverty" means? --- yeah, I've BEEN there. - 05/03/2013 08:01:33 PM 731 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 1034 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 664 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 732 Views

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