Landauer 2002
Landauer 2002
With Social Security, we all have money forcibly deducted from our paychecks to go into the "trust fund" and expect to receive payments for the entire duration of our old age starting at retirement. Like Ponzi, our government is no financial wizard and is not investing our retirement money wisely. Our government is a con artist. There is no trust fund; our money is being spent on various garbage, with a portion being paid to the current retirees as their social security payments. Social Security is a straight up Ponzi scheme, except that the government has the added bonus of being able to imprison anyone who refuses to participate in this wonderful investment opportunity. Like all Ponzi schemes, this one too, is coming to an end. The "Social Security Crisis" is that the government is about to run out of dupes for its scam -- there are not enough young people to support the old who are about to retire and expect their payoffs. Even if social security were a valid retirement plan like a mutual fund or a CD, it is still involuntary. The taking of another's money through force is theft, whether it is claimed for their good or not. The government, whose proper role is the protection of rights, simply has no business forcing people into its retirement schemes against their will. Besides that, the notion that politicians are better at making (or saving!) money for the future than bankers or businessmen running private, legitimate retirement programs, is simply laughable. The correct political action to take at this point would be to allow people to opt out of the program and pay off the initial "investors" through general tax funds. No one in their right mind would voluntarily enter into this program in the first place, and so in a few decades this debacle would be gone. |
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