Is Social Security a Ponzi Scheme???

After everyone watched the Madoff implosion, I started to wonder if there were other “schemes” out there that would be considered Ponzi Schemes.  It did not take long before I thought of what I feel is the largest of Ponzi Schemes, Social Security.  Think about it, Social Security taxes current workers to pay Social Security benefits for current retirees.  In other words, the young employees will always pay for the retirees benefits.  *scratches head*  According to the latest Social Security report, we are currently at a 75-year deficit of appx $4,300,000,000,000.  Yes, I said 4.3 trillion dollars!  So according to their math and time table, we could fix this by dumping in $60,000,000,000/year over the next 75 years.  *scratches head again*  So that would be the definition of a Ponzi Scheme right?!?  There is currently not enough money in the pot for everyone to collect benefits today.  We are all depending on the future generations to supply our Social Security benefits.

So according to some “experts”, this is not actually a Ponzi Scheme because of one thing, Technological change.  They claim that with the current growth population we will be fine.  They compare this to the fact that the U.S. population has tripled since the early 1900’s.  *tilts head to side like confused dog*  WHAT???  So what I am getting is that as long as we all continue to have sex like rabbits and reproduce at least 2 children per household we might be okay for the future.  They also claim that if we invest into science and technology as opposed to homes, flat screen TV’s, SUV’s and game systems we will continue to grow just fine.  WTF?!?  So to sum up what the “experts” are saying…give your hard earned money to the government after they take your taxes/social security out of your checks and we will be okay.  But if we continue to spend money on what we want, then we are f**ked!

How come every Government failure can only be fixed by raising the taxs?  Why can’t we fix Government failure by replacing the morons with proven leaders?

I, Myke Reinhold, will hereby fix the Social Security problems of today and the future with one solution.  Legalize and tax the growth/sale/use of marijuana.

“If i hold a gun to your head and demand your wallet, it is a crime.  But if the Government does the same thing, it is called taxation.” - Myke Reinhold

This entry was posted on Monday, January 5, 2009 at 11:34 and is filed under The Facts, Rant. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response or trackback from your own site.

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