04-04-2025, 02:30 AM
(04-03-2025, 10:41 PM)HereOnThePrimalEdge Wrote: What seems left out of his presentation is whether or not they foresaw the dramatic birth rate decline
We spend far more money on the military than on social security. No one sees a war coming (a comparison to not seeing a drop in the birth rate). But yet we spend money on a war. What happens afterward? We generally raise taxes to pay for it. No one calls that a Ponzi scheme.
We could raise the tax rate to pay for social security. A fund which people have actually paid into in advance, so they get THEIR OWN MONEY BACK after they retire.
The military doesn't turn a profit. Much of what is built never gets used. Maybe it's the military with billion dollar cost overruns that's the Ponzi scheme?
The reason talking heads pick on social security is because they can't make a profit off retired people. They make big bucks from their investments in the military industrial complex. So they won't bite the hand that feeds them.
Not to bicker but I don't think anyone said "Ponzi scheme". You had a whole thread about the greed and deception of those making money off of old people so I think you are somewhat aware that everyone from HMSA to Sketchers is getting in on "The Silver Tsunami" which is the largest demographic shift in US history. There is lots of money to be made and lots of people getting in on that. I'm not picking on social security or any security net. I think they are necessary and there will always be a tug and pull and abuses from both the greedy on one end and the lazy on the other. Humans are messy that way. My point was just that you do not get "your own money back". That is not what social security is in it's current form. It's a pyramid scheme. You get my money. That's why people pick on it.