Sunday, September 11, 2011

Social Security is WORSE than a Ponzi scheme

Alex T., in a brilliant smackdown, noted that even Paul Samuelson called SS a Ponzi scheme.

But I'm here to say that SS is actually worse than that.

In garden variety Ponzi schemes, if you don't want to put your money in, you don't have to!

You can "opt out" of any private investment scheme that doesn't pass your smell test.

Good luck opting out of SS; it's a Ponzi scheme on steroids where the scammers have guns and judges and jails.

1 comment:

Gerardo said...

Point Angus.

I'm going to use that.