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Wrong. you don't undersand social security.

Posted on: April 8, 2025 at 12:15:44 CT
sks MU
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You have contributions invested. Contributions made from your employer are also invested. When you retire, you receive benefits based on a formula. Thats a DB pension plan, not a ponzi scheme. Some people die early, and dont receive as much as they paid in. Some die later and receive more than they paid in. Thats normal, and the way DB plans work. Because we have not had the political will to adjust the plan every few years (fault of both parties), funding is not sufficient, and we have an underfunded plan. Happens in private plans as well. In no wya is it a ponzi scheme, just a poorly administered DB pension plan. Could be easily fixed in a short time if congress got a spine.
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If Social Security is a literal lifeline - Bosalphus KC - 4/8 10:32:35
     abolish it today - Seagull MU - 4/8 11:56:47
     I can't figure out which dem is the dumbest - AWOLTiger KC - 4/8 11:11:49
          Geronimo is pretty stupid, for sure. Not sure how smart or - hokie VT - 4/8 11:17:56
     The CCP is taking care of Tampon he doesn't need SS..nm, - tigertix MU - 4/8 10:58:06
     SS has not been used as a slush fund - sks MU - 4/8 10:35:47
          Yes it has. If they had invested the funds - tman MU - 4/8 10:46:45
               Seriously? - sks MU - 4/8 11:57:29
          especially all of those people living to be 125+ years old(nm) - Fire Marshall Bill STL - 4/8 10:44:44
               completely debunked. - sks MU - 4/8 12:01:51
          you sound awfully sure - FootballRefugee MU - 4/8 10:42:49
               RE: you sound awfully sure - sks MU - 4/8 11:58:45
                    in fact you don't - FootballRefugee MU - 4/8 12:28:41
                         RE: in fact you don't - sks MU - 4/8 12:59:25
                              I'm not basing my understanding - FootballRefugee MU - 4/8 14:53:57
                                   RE: I'm not basing my understanding - sks MU - 4/8 16:20:11
          Ponzi scheme - alzoo MU - 4/8 10:38:37
               Not a Ponzi scheme - sks MU - 4/8 11:59:36
                    returns are paid to earlier investors - Seagull MU - 4/8 12:04:02
                         Wrong. you don't undersand social security. - sks MU - 4/8 12:15:44
                              he's right, you're wrong - it's a ponzi scheme (nm) - 90Tiger STL - 4/8 12:49:10
                                   Your ignorance is showing. - sks MU - 4/8 13:01:07
                                        It's the definition of a ponzi scheme (nm) - 90Tiger STL - 4/8 13:05:18
                                             RE: It's the definition of a ponzi scheme (nm) - sks MU - 4/8 13:11:20
                                                  it has everything to do with future investors - Seagull MU - 4/8 13:43:39
                                                       RE: it has everything to do with future investors - sks MU - 4/8 16:02:17




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