Social Security Ponzi Scheme Coming To An EndChris | InformationLiberation
Aug. 08, 2012
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Socialist security, possibly the world's largest wealth redistribution scheme in history is finally now coming to an end. Like a scam chain letter, the first people who "sent in a dollar" got a hundred back in return, but the last pay in and get nothing. Such is the case now with socialist security reports the AP, "People retiring today are part of the first generation of workers who have paid more in Social Security taxes during their careers than they will receive in benefits after they retire. It’s a historic shift that will only get worse for future retirees."
Unfortunately, unlike a scam pyramid scheme chain letter, citizens are not allowed to opt out, so everyone from now on will be paying in with the guarantee they will be losing money, and getting absolutely no "security." Rather than a "social safety net," it's a ring of jail bars locking everyone into perpetual debt slavery. Such a situation cannot continue for very long, and as the AP notes, it will only get worse as more and more of the baby boomers retire.
“For the early generations, it was an incredibly good deal,” said Andrew Biggs, a former deputy Social Security commissioner who is now a scholar at the American Enterprise Institute. “The government gave you free money and getting free money is popular.”As a young person myself, I'm ecstatic to see this socialist ponzi scheme fail. While I feel for people who "paid into it" their whole lives and will now get nothing, the fact of the matter is the money was stolen from them, and stealing from future generations won't make things any better. Taxes are theft, all of them, the sooner people accept it, the sooner the healing process can begin.
Chris runs the website InformationLiberation.com, you can read more of his writings here. Follow infolib on twitter here.