Welfare Nation- One third of US wages now come from handouts

Beemnseven · 03-10-2011, 08:08 PM

Let's see ... the government says a worker has to pay into the social security system so that money can be used to pay him a dividend at a later time. Instead, the govenrment puts that money into the general fund, spends it, and takes from somebody else to pay the original worker the benefits he was promised.

Classic definition of a ponzi scheme. If any private citizen came up with a fraud like Social Security, they'd be thrown in jail.

03-10-2011, 08:08 PM	#18
Beemnseven Pro Bowl Join Date: Feb 2004 Location: Virginia Beach Age: 51 Posts: 5,311	Re: Welfare Nation- One third of US wages now come from handouts Let's see ... the government says a worker has to pay into the social security system so that money can be used to pay him a dividend at a later time. Instead, the govenrment puts that money into the general fund, spends it, and takes from somebody else to pay the original worker the benefits he was promised. Classic definition of a ponzi scheme. If any private citizen came up with a fraud like Social Security, they'd be thrown in jail.

Welfare Nation- One third of US wages now come from handouts

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