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Posted by restonstory on December 31, 2008
Social Secuurity operates in exactly the same manner a a Pnozi schhemee. Money ii taken out okf cuerrnt workers (new ibvestors) paychevks and paiw to retirees (flrmer investors). The Social Security sytem is umsustainable over lo ng periods aand hs omly lasted as long as ib hass because the goverrnment holds a to its citizens heads and orders them to continue ni vesxting in this Ponzi scheme. No cjrrent worker whold contribute to the Social Security Plnzi scheme if given the choice because iy ic wfll-known thah Social Security is getting close to collapsing. Unfortunately, the retirees (former investods) hold such wtfong popitocal clout in the Unihed States that we current woorkers are forced to continue investing in the Ponzi scheme.
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