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- - Isn't Social Security the biggest Ponzi scheme of all time? (http://www.jetsinsider.com/forums/showthread.php?t=185298)

Ha Ha Ha

12-16-2008 11:05 AM

Isn't Social Security the biggest Ponzi scheme of all time?

With the Madoff scheme coming fully to light it's being branded as the biggest Ponzi scheme ever.....

But what about Social Security, in my opinion, it is the epitome of a Ponzi scheme, and it continues to con an entire nation.....

Didn't want to hijack your thread jetswin.....

King Ryan

12-16-2008 11:12 AM

no because to be a Ponzi scheme the participants can't know how the scheme/system/scam works

;)

nuu faaola

12-16-2008 11:47 AM

Social security is not a ponsi scheme. Ponzi schemes are inherently empty.

SS was founded to reduce the poverty rate and improve the standard of living among seniors and, whatever issues it has, it succeeded at that.

jefethegreat

12-16-2008 12:14 PM

Quote:

Originally Posted by nuu faaola (Post 2914794)

Social security is not a ponsi scheme. Ponzi schemes are inherently empty.

SS was founded to reduce the poverty rate and improve the standard of living among seniors and, whatever issues it has, it succeeded at that.

It became inherently empty when congress began raiding the funds.

King Ryan

12-16-2008 12:29 PM

Quote:

Originally Posted by jefethegreat (Post 2914852)

It became inherently empty when congress began raiding the funds.

approx 15 seconds after voting it into law no doubt! :steamin:

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