Any comments about Mr Madoff?

Happy Monkey · 02-10-2009, 03:15 PM

That's not true. The absolute worst case scenario for Social Security is that all of the beneficiaries split up all of the contributors' tax contributions. This could (depending on the ratio of workers to retired/disabled) be less than is currently promised, but will never be zero. It will never fail. And the rates/retirement ages/upper tax limits can be adjusted for the times.

A Ponzi scheme with only two levels, in which everyone (who doesn't die early) gets to be in the top level eventually, isn't really a Ponzi scheme.

02-10-2009, 03:15 PM	#11
Happy Monkey I think this line's mostly filler. Join Date: Jan 2003 Location: DC Posts: 13,575	That's not true. The absolute worst case scenario for Social Security is that all of the beneficiaries split up all of the contributors' tax contributions. This could (depending on the ratio of workers to retired/disabled) be less than is currently promised, but will never be zero. It will never fail. And the rates/retirement ages/upper tax limits can be adjusted for the times. A Ponzi scheme with only two levels, in which everyone (who doesn't die early) gets to be in the top level eventually, isn't really a Ponzi scheme. __________________ _________________ \|...............\| We live in the nick of times. \| Len 17, Wid 3 \| \|_______________\| [pics]

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