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SOCIAL SECURITY: THE GREAT PONZI SCHEME: Smith, Don, Read ~ SOCIAL SECURITY: THE GREAT PONZI SCHEME Paperback – July 24, 2020 by Don Smith (Author), Charlie Read (Author), Michael Hawley Esq. (Foreword) & 0 more 5.0 out of 5 stars 17 ratings

Social Security: The Most Successful Ponzi Scheme in ~ Social Security and Medicare have transferred those trillions because they have been partial Ponzi schemes. After Social Security’s creation, those in or near retirement got benefits far exceeding their costs (Ida Mae Fuller, the first Social Security recipient, got 462 times what she and her employer together paid in “contributions”).

Social Security, Ponzi Schemes, and the Need for Reform ~ Social Security, Ponzi Schemes, and the Need for Reform by Michael Tanner No. 689 November 17, 2011 . In his book, Fed Up, Texas governor Rick Perry claims that Social Security is “set up

Trump On Social Security In His 2000 Book: A Ponzi Scheme ~ But when Trump first flirted with running for president in 2000, he wanted to privatize the program and raise the retirement age, and called the program a Ponzi scheme. "Fast-forward to 1941," writes Trump after a long explanation of the first Ponzi scheme to intro his chapter on "Making Social Security Secure Again."

Social Security: The New Deal’s Fiscal Ponzi / Mises Institute ~ Social security is squarely based on compound interest . the greatest Ponzi game ever invented.” When 5 percent real growth turned out to be a Keynesian illusion and output growth decayed to 1–2 percent annual rate after the turn of the century, the actuarial foundation of Samuelson’s Ponzi game came crashing down.

The Myth of Social Security as 'Ponzi Scheme' - BillMoyers ~ The “Social Security is a Ponzi crime” scam continues because it is essential to the deceptive mythology of unregulated capitalism’s billionaire class, and it is especially cruel because it .

Social Security Is The Biggest Ponzi Scheme Ever Created ~ The government introduced Social Security just 13 years after Charles Ponzi was convicted for the largest Ponzi scheme that the government had ever seen (prior to Bernie Madoff’s scheme in 2008).

Is Social Security Really a Ponzi Scheme? / The Motley Fool ~ Social Security is funded by a 12.4% payroll tax on earned income of up to $128,400 (in 2018), the taxation of Social Security benefits, and the interest income earned on its asset reserves.

Sure, Social Security's A Ponzi Scheme - But Is It A ~ And at this point that's a very good definition of Social Security--minus that word fraudulent of course. Salon again: The “Ponzi scheme” lie folds neatly into the prediction of the doomsayers .

Why Was Social Security Designed Like A Ponzi Scheme? ~ Third, pay-as-you-go social security generates revenues in the early years that are much larger than the required payouts. This means that (like a chain letter), politicians can give retirees in .

Ponzi Schemes and Social Security - The New American ~ Social Security has been a pyramid [Ponzi] scheme from the beginning. Those who paid in first received money from those who paid in second — and so on, generation after generation.

Social Security is a Ponzi scheme / Fox News ~ When Texas Gov. Rick Perry, then in the early stages of his short-lived quest for the Republican presidential nomination, referred to Social Security as "a Ponzi scheme," he was excoriated by the .

: Social Security: The Phony Crisis ~ In Social Security: The Phony Crisis, [Baker and Weisbrot] show how a falling stock market could place pressure on both future Social Security payments and privatization schemes because earnings from the trust fund could actually fall."—Jeff Madrick, New York Review of Books

Is Social Security a Ponzi Scheme? - CBS News ~ Social Security is not a Ponzi scheme or a lousy investment. It's simply one generation helping another. Here's the right debate to have: What's the right amount of help that we can collectively .

Ponzi Scheme vs Social Security - Difference and ~ The similarity between Social Security and a Ponzi scheme is that past "investors" (current retirees) are seen as being paid from funds collected from current "investors" (future retirees). The other similarity is that people are discouraged from withdrawal by promising higher returns if they withdraw later.

Social Security - a fraud, a Ponzi scheme, or both? : News ~ Social Security forces employers and employees to participate. Social Security reported taking in almost $800 billion in payroll taxes in the latest reported fiscal year. Ponzi schemes can be illegal, but Social Security is legal. Social Security may not be a Ponzi scheme. Social Security is a fraud, however. A massive one. This year, the .

Is Social Security a Ponzi scheme? - The Washington Post ~ That essential stability is, perhaps, the most obvious refutation of the Ponzi scheme argument. The Social Security Administration puts it well on its Web site. “The first modern social .

Social Security, Ponzi Schemes and Why the Government Isn ~ The other, suggested by Governor Mike Huckabee in the debate but also an idea Senator Ted Cruz has claimed previously, is that Social Security is a giant Ponzi scheme. Let's discuss why this is a terrible misrepresentation of this program and how Social Security actually works, starting with the second point.

Is social security a ponzi scheme Essay Example / Topics ~ The Great Depression was largely responsible for the enactment of this law, the purpose of which was to offer immediate relief to families that were reeling under the. . Is social security a ponzi scheme; Is social security a ponzi scheme - Essay Example. Comments (0)

Is Social Security a Ponzi Scheme? Pyramid Scheme Alert ~ Now, the question about what a Ponzi scheme is has been focused on Social Security when no less than a presidential candidate charged that Social Security is a Ponzi Scheme. Pyramid Scheme Alert offers a direct, factual and reasoned answer to this erroneous and misguided charge and bogus controversy.

Is Social Security a Ponzi scheme? ~ As Governor Perry runs for President, he has referred to Social Security as a Ponzi scheme. This has scared some and made others question the systems long term viability. One of my first clients caused me to question these same things in the early '90's.

Is Social Security a Giant Ponzi Scheme? / The Motley Fool ~ Also, like a Ponzi scheme, Social Security is in the process of collapsing under its own weight. According to its most recent annual report, the Social Security trust fund is expected to be .

Is Social Security a Ponzi Scheme? / / Pyramid Scheme Alert ~ Every working American pays into Social Security and millions rely upon it for survival. A claim that our Social Security program is a Ponzi scheme must, therefore, be answered. Fact, Not Opinion: Social Security Is Not a Ponzi Scheme Here’s why: Social Security does not require an ever-growing base of new contributors. It is sustainable.

Is Social Security a Ponzi Scheme? - Econlib ~ A couple of years ago, I claimed on this blog that Social Security is a Ponzi scheme. Various commenters objected but didn’t persuade me. This week, John Seater, an economist whom I respect a great deal, wrote that it is not a Ponzi scheme. He’s given the best argument I’ve seen yet for that view.