Quote:
Originally Posted by DianeM
Well...I look upon it as “you took my money for many years for those before us with the promise to do the same for us as we grew older. Time to pay the piper and that makes it mandatory for me”.
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Once we started down that road (Social Security and Medicare) there is no way to go back to the beginning ... and no off ramp. Both are good examples of (well intended) social welfare. But, the mathematics has changed. In 1945, there were 42 workers supporting each social security recipients. By 2010, there were 3 workers supporting each recipient.
Is Social Security a Ponzi scheme? Well, not really. But, there are some differences and similarities. I think the biggest similarity is that both are doomed to financial collapse after the passage of sufficient amount of time; that's not gonna happen anytime soon mind you, but it WILL happen. The biggest difference is that one is legal and one is illegal.