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re: If social security is doing so great why do we now need myRA?

Posted on 12/28/14 at 12:01 am to
Posted by SpidermanTUba
my house
Member since May 2004
36128 posts
Posted on 12/28/14 at 12:01 am to
quote:

It is in fact, a classic Ponzi scheme.



Social Security works according to public laws that anyone can read. A Ponzi scheme requires the inner workings of the scheme be kept secret from the investor. Thus SS is not a Ponzi scheme.

Did you know that?

Posted by Turbeauxdog
Member since Aug 2004
23286 posts
Posted on 12/28/14 at 1:05 pm to
quote:

quote:
It is in fact, a classic Ponzi scheme.


Social Security works according to public laws that anyone can read. A Ponzi scheme requires the inner workings of the scheme be kept secret from the investor. Thus SS is not a Ponzi scheme.

Did you know that?




That's quite a pointless qualification for legality when you are forced to invest in the federal government's Ponzi scheme through threat of imprisonment.
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