Reply to What Would You Be Willing to Do to Save SS?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]"That's unlike a pyramid scheme, because in a pyramid scheme, there is no set of assumptions that will allow it to work forever. "

Uhhh, yeah. Hello! It's thus the very definition of a pyramid scheme.[/quote]

Hello yourself. If you set payments in equal to payments out, a pyramid scheme only works when both are zero.  If it's an insurance scheme, as social security is, then all you have to do is count payments in and set benefits to be no greater than that.  That's how Metropolitan Life Insurance company has been in business since 1868.[/quote]

You can call it whatever you want. Insurance, tax, lollipops.

Bernie Madoff (madoff madeoff!) did the same thing and is now in jail.

You should look at the social security trustee reports sometime. It's not in the state you think it is.  [/quote]

Since you don't know the difference between insurance, pyramid schemes and ponzi schemes, I suggest you cancel your homeowner's insurance and put all your money in a mattress.  Preferably fireproof.[/quote]

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