tag:blogger.com,1999:blog-7600505010903219424.post1775053058653745335..comments2024-03-27T17:02:31.780-07:00Comments on A (MLM) Skeptic: Explaining WHY is Social Security NOT a Ponzi schemeGuyReviewshttp://www.blogger.com/profile/17270600804829601202noreply@blogger.comBlogger7125tag:blogger.com,1999:blog-7600505010903219424.post-54563837173468449002014-03-06T10:25:06.800-08:002014-03-06T10:25:06.800-08:00I think we're arguing different things.
I ha...I think we're arguing different things. <br /><br />I have no doubt that without reform, Social Security is going bankrupt. <br /><br />But it is not FRAUDULENT transfer of wealth. It is transfer of wealth. <br /><br />Ponzi scheme, on the other hand, is FRAUDULENT transfer of wealth. <br /><br />One is fraud, the other is not. GuyReviewshttps://www.blogger.com/profile/17270600804829601202noreply@blogger.comtag:blogger.com,1999:blog-7600505010903219424.post-13384006857008669572014-03-06T09:16:23.645-08:002014-03-06T09:16:23.645-08:00http://redsunrisecollective.blogspot.com/2011/09/d...http://redsunrisecollective.blogspot.com/2011/09/differences-and-similarities-between.htmlAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-7600505010903219424.post-66413059567123952752014-03-06T09:00:17.195-08:002014-03-06T09:00:17.195-08:00see here for more actual data instead of thin, pre...see here for more actual data instead of thin, preselected assumptions: http://www.economist.com/node/975689Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7600505010903219424.post-80941207788759029802014-03-06T08:58:43.577-08:002014-03-06T08:58:43.577-08:00Try tellling young people today that they will get...Try tellling young people today that they will get out say 60% of what they pay in as contributions during their working years, on top of having to pay say 50% of their gross wage into ss AND tell with straight face that ss is not doomed to fail.<br /><br />Had the world been limited to premises you carefully handpicked, sure, SS would be honest and sustainable.<br /><br />But the world is not like your premises. It is altogether different, not in the least bc the earlier generations knew that there's smth fishy in paying so little in and getting so much out, but money was so good they never questioned it.<br /><br />Now that it has changed -- rate of return on contributions is negative now -- the bottom will fall out of ss in POLITICAL sense. Nobody in general population will agree to get less than $1 out for $1 paid in. People PERCEIVE ss as govt-backed savings vehicle. Go to people and say "well we have to take away 40% of your savings" - if you were a politician, what do you think your chances for reelection would be after smth like this?<br /><br />*Pretending* that ss is insurance does not make it insurance. Insurance is against smth uncertain: you may have a car crash, or house getting on fire, but don't have to. Ss has been perceived and supported as *retirement saving* scheme, all the safer bc backed by govt. And frankly, this is more factual and closer to reality than trying to paint it in colors of insurance.<br /><br />SS is doomed already.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7600505010903219424.post-23067736179766726442012-11-10T00:01:51.656-08:002012-11-10T00:01:51.656-08:00Uh, I need to rewrite that section. I meant it as ...Uh, I need to rewrite that section. I meant it as two separate lines of defense. GuyReviewshttps://www.blogger.com/profile/17270600804829601202noreply@blogger.comtag:blogger.com,1999:blog-7600505010903219424.post-63319736850304940122012-11-09T04:11:33.227-08:002012-11-09T04:11:33.227-08:00Me again,
Read your other examples. So 1 and 2 ar...Me again,<br /><br />Read your other examples. So 1 and 2 are 2 people, one citing that it's a scam and two defending it. Now I get it. Haha.Jabroninoreply@blogger.comtag:blogger.com,1999:blog-7600505010903219424.post-74478835574780260222012-11-09T04:06:53.501-08:002012-11-09T04:06:53.501-08:00Hi again,
I don't think your example is a Tu ...Hi again,<br /><br />I don't think your example is a Tu quoque, a variation or a fallacy at all. You should change it to<br /><br />1 BizX is a ponzi scheme<br />2 Social security is a ponzi scheme and it's still here.<br />So what if BizX is a ponzi, jabroni!Jabroninoreply@blogger.com