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

Ha Ha Ha · 12-16-2008, 11:05 AM

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=nuu faaola;2914794][B]Social security is not a ponsi scheme. Ponzi schemes are inherently empty.[/B]

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.[/QUOTE]

It became inherently empty when congress began raiding the funds.

King Ryan · 12-16-2008, 12:29 PM

[QUOTE=jefethegreat;2914852]It became inherently empty when congress began raiding the funds.[/QUOTE]

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

12-16-2008, 11:05 AM	#1
Ha Ha Ha Board Moderator Join Date: Sep 2005 Location: Brooklyn Heights Posts: 2,459	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.....

12-16-2008, 11:12 AM	#2
King Ryan take a guess Hall Of Fame Join Date: Feb 2005 Location: Montville, NJ Posts: 5,473	no because to be a Ponzi scheme the participants can't know how the scheme/system/scam works ;)

12-16-2008, 11:47 AM	#3
nuu faaola All Pro Join Date: Apr 2003 Posts: 6,253	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.

12-16-2008, 12:14 PM	#4
jefethegreat lovin' America Rookie Join Date: Aug 2005 Posts: 848	[QUOTE=nuu faaola;2914794][B]Social security is not a ponsi scheme. Ponzi schemes are inherently empty.[/B] 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.[/QUOTE] It became inherently empty when congress began raiding the funds.

12-16-2008, 12:29 PM	#5
King Ryan take a guess Hall Of Fame Join Date: Feb 2005 Location: Montville, NJ Posts: 5,473	[QUOTE=jefethegreat;2914852]It became inherently empty when congress began raiding the funds.[/QUOTE] approx 15 seconds after voting it into law no doubt! :steamin: