The Social Security Ponzi Scheme/Scam

What a scam! Congress even promised that Social Security would never become a form of identification, too bad they lied to We The People once again....

No biggie. We'll just borrow another few gazillion dollars from the Chinese.

Great post and videos. Thanks.

Or, the wealthy pay their fair share of all taxes including Social Security Tax and the system works fine. Libertarianism is sociopathic. No taxes, no public holdings or services. The poor die in the street and the greedy survive. Great society...not.

Social Security taxes are capped at about $90,000 of income per year. So the millionare pays the same as the working stiff. Take the cap off, it works fine. It has been the most successful social program ever. Before that, we were collecting bodies of the poor off the streets.

Sociopathic Libertarians.

Raising the cap is truly the answer, I am not real sure how the rich can live with thereself's if the social security system fails. We all know where the money is and after all gated communities are not that hard to storm, it's just a gate.

Yep, it's a Ponzi sceme alrighty.

In fact, isn't the entire US economy a giant Ponzi scheme?
The Federal Reserve: Made-Off Securties head office

The real problem has been the hi-jacking of the S.S. system by politicians. It was originally designed and sold to the public as a retirement benefit to the elderly. However, now much of the money has been diverted into welfare programs, in a desperate attempt to buy votes. How many current members know what "crazy money" is? Look it up. It is S.S. money disbursed to drug addicts and certified alcoholics. Not to mention food stamps, housing assistance, and aid to dependent children. Is it any wonder that the system is failing. By the way, stop the ill considered comments about people dying in the streets. If they would get off drugs and alcohol, or seek taxpayer paid mental assistance they could live. But as usual, they continue to make the wrong decisions.

Dissing dying in the streets? Beats heck out of a hospital ward.

Fresh air, Times Square. Snow falling, the air is even fresher. Snowflakes landing on your cheeks reminding you of when you were a little boy or girl and your parents were making snowcream back before it got filled with radioactive soot? Dying in the streets has a lot to recommend it.

I've been to NY and seen people sleeping midday on the narrow concrete dividers. They looked rather content watching EVERYBODY ELSE DRIVING TO WORK.

Go onto the S.S. web site to discover the real reason for underfunding of this system. This an outright social welfare system designed to meet the needs of inner city unmarried mothers and their socially disfunctional off spring. It is a disgusting and illegal tax imposed on American workers. These payments along with the cost of crime and incarceration of criminals supported by the s.s. system is crippling our society.

As recently as the 1960s, low-cost health insur-ance was available to virtually everyone in America —
including people with existing medical problems. Doctors made house calls. A hospital stay cost
only a few days’ pay. And charity hospitals were available to take care of families who couldn’t
afford to pay for health care.

Then the federal government moved in — with Medicare, Medicaid, the HMO Act, and tens of thousands of regulations on doctors, hospitals, and health-insurance companies. Medicare regulations alone run more than 100,000 pages. Today, more than 50% of all healthcare dollars are spent by the government. Health insurance costs are skyrocketing. And government health programs are
heading for bankruptcy. Rather than roll back the government obstacles to afford-able health care, politicians continue to pile on more regulations.

The Libertarian Party knows the only health care reforms that will make a real difference are those that draw on the strength of the free market.

Its time to:
Establish Medical Savings Accounts.
Remove barriers to safe, affordable medicines.

In June 2000, World Wrestling Entertainment star Val Venis traveled to the United States to get hip surgery. A Canadian citizen by birth, the buff, 250-pound WWF wrestler was entitled to “free” health
care in his home country. But like thousands of other Canadians every year — some estimate tens of
thousands — Venis crossed the border to get the prompt, high-quality health care he could only find in
the United States.
In Canada, he explained, he would have to wait months (or even years) for the “non-critical”
surgery that would allow him to walk again without pain. And many Canadian hospitals don’t
have the state-of-the-art equipment their U.S. counterparts do. So Venis chose to pay for his
surgery, rather than settle for slow, questionable care in Canada. Unfortunately, Republican and
Democratic politicians don’t seem to have the same grasp of medicine and economics that professional wrestler Val Venis does. Through regulations and mandates, they are trying to mimic Canada’s failed system. In doing so, they are damaging what was once the best health care system in the world.

I suggest that you check your premise and do research before you make ignorant statements!

By law, the government collects Social Security taxes, 12.4% from every employee and employer combined and pours it into a system that is headed for economic collapse. Even the Social Security Board of Trustees admits this. According to the board, the Social Security system will start running a deficit by 2016. By 2032, the so-called Social Security Trust Fund will be depleted, and the system will be insolvent.
Fortunately, there’s a better way. Instead of relying on a bankrupt government system, we could allow individual Americans to control their own retirement accounts. Under such a system, average wage-earners could retire in comfort and security, with more than $1 million in the bank.
Sound too good to be true? The Cato Institute crunched the numbers. Over the past 70 years, Wall Street investments have returned an average of 7% a year (after inflation). By contrast, Social Security pays an average family a paltry 1.2% annual return. Over the years, thanks to compound interest, the difference between those two numbers adds up to staggering amounts of money.
For example, a typical single wage-earner with an income of $36,000 could accumulate $1.2 million in a stock-invested pension fund by retirement, according to the Cato Institute. That would pay an annual retirement income of $124,000. Under Social Security, such a wage-earner would get one-fifth as much: $24,000 per year. Other countries like Chile, Mexico, Britain, and Australia have already made the transition from failing social security systems to secure individual retirement accounts. It’s time to follow their lead.

Lift the cap .

I have two points to make:

#1 What does politician's healthcare have in to do with citizen health care?

#2 Why not just give everybody what I get in my monthly disability check? I do alright + have enough to buy some great nutrition products. I haven't needed a doctor in 3 1/2 YEARS. My Blood Pressure is coming down naturally <> I'm losing weight by adding muscle that BURNS MORE FAT.

An aspirin a day keeps the doctor away, but did you know that when aspirin get a little age on them they turn to Vinegar? Do you have any idea at all how good vinegar dissolves cholesterol plaques from the inside of blood vessels?

Vinegar raises alkalinity and an alkaline-leaning body has more oxygen = less cancer. Who needs healthcare when your body has what it needs for health you got everything. Just not a Senator's Salary is all... but so what? Many of the politicians just burns a hole in their wallet visiting prostitutes anyway so they end up Poor and Destitute eventually just like everybody else drawing my disability check.

Get everybody a monthly voucher check that covers a can of Oxy-Nectar, a couple cans of Dr. Newton's Gold Standard Protein mix and a couple packs of STEMULITE and some aspirin NO ONE WILL NEED MEDICARE. Get yer health back and make the doctors start negotiating for your business.

Lose weight on your own without doctors, stop all the obesity' cascading disease syndromes, and ride the white horse. Charge up the hill and make doctors start COMPETING FOR YOUR DOLLARS.

Reduce benefits to people that have never paid into the system. Remove the criteria of a below 59 I.Q. allowing for benefits. There are too many people that meet this standard, yet can still sell drugs, hijack cars, and rob businesses. These activities do not require high intelligence. Next tax all illegal drug proceeds. If a dealer attempts to make a large cash purchase of a house , car or boat, they should be required to show prove of income and S.S. taxes paid and source of income.

Wait a minute, 59? I'm about triple that. I'm not getting what I'm supposed to be getting. Waiter!

Society would have to be cleansed for the elite. The rope is getting tighter and tighter.

Society would have to be cleansed for the elite. The rope is getting tighter and tighter.

Society would have to be cleansed for the elite. The rope is getting tighter and tighter.

It's not a battle between selfishness and altruism....it's a battle between slavery and freedom...the problem is the enslavers view it as the first and not what it truly is....the latter...

Until they realize the monopolization done in by protectionism it will continue, until they see the debt slavery they have brought upon their kids it will continue blindly, until they see the interventionist wars that breed off of domestic interventionism......the world will continue it's decline outside technological advances all due to oligopolization and the loss of liberties by big government and big business (economic fascism). If anything, people in liberty and freedom are MUCH MORE altruistic than countries that are starving to death due to central economic planning.

What I don't get is why was Bernie Madoff charged with this. The government has been running a Ponzi scheme for years without consequences. Of course, the government also practices legal theft (property tax, income tax etc.) and no one complains. Confirms what I have known for years. If you have the power you can get away with anything.
Welcome to the tyranny.

Why is it more people die of deprivation and starvation in socialist countries and communist countries and yet capitalism is supposedly "sociopathic"?

Sorry, you are misinformed. If libertarianism is sociopathic then socialism is nihilistic co-dependent malignant narcissism.