Comments on: Here’s the real Social Security Ponzi scheme http://blogs.reuters.com/reuters-wealth/2011/09/28/heres-the-real-social-security-ponzi-scheme/ Fri, 05 Dec 2014 11:27:18 +0000 hourly 1 http://wordpress.org/?v=4.2.5 By: dgpgrove http://blogs.reuters.com/reuters-wealth/2011/09/28/heres-the-real-social-security-ponzi-scheme/comment-page-1/#comment-8258 Sat, 01 Oct 2011 23:06:45 +0000 http://blogs.reuters.com/reuters-money/?p=20209#comment-8258 You say “wealthy seniors have paid higher premiums for nearly a decade”, which is not true on two accounts. First, payments to the account are not a premium, they are a tax.
Second, everyone pays the exact same percentage of tax making that part equal.
The whole thing falls apart because lower income producers are in effect paying a GREATER share of their income because the tax stops for those with income above $106,800 resulting in a net reduction of effective tax rate as they make more and more during any year.

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By: DrJJJJ http://blogs.reuters.com/reuters-wealth/2011/09/28/heres-the-real-social-security-ponzi-scheme/comment-page-1/#comment-8233 Fri, 30 Sep 2011 20:30:26 +0000 http://blogs.reuters.com/reuters-money/?p=20209#comment-8233 The $2.7 Trillion social security has in a “lock box” is an IOU (bonds) from our government and not counted as debt! 80 million boomers lining up and it’s unfunded-medicare too! Doesn’t include all the other liabilities either! I call that one big fat ponzi scheme if I’ve ever seen it!

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By: DrJJJJ http://blogs.reuters.com/reuters-wealth/2011/09/28/heres-the-real-social-security-ponzi-scheme/comment-page-1/#comment-8232 Fri, 30 Sep 2011 20:25:12 +0000 http://blogs.reuters.com/reuters-money/?p=20209#comment-8232 My guess is the top 1% that pay 30% of our taxes will be looking for another country to park their wealth in! What happens then? The wealthy are the target for endless taxes!51% of us pay no Fed taxes and government is now 40% of US GDP! Can you spell tipping point!

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By: minipaws http://blogs.reuters.com/reuters-wealth/2011/09/28/heres-the-real-social-security-ponzi-scheme/comment-page-1/#comment-8213 Thu, 29 Sep 2011 11:26:05 +0000 http://blogs.reuters.com/reuters-money/?p=20209#comment-8213 The real retirement ponzi scheme is Bernanke not paying interest on savings to older Americans who worked hard, lived simply and put their life savings in banks.

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By: NiteRyder http://blogs.reuters.com/reuters-wealth/2011/09/28/heres-the-real-social-security-ponzi-scheme/comment-page-1/#comment-8209 Wed, 28 Sep 2011 22:14:15 +0000 http://blogs.reuters.com/reuters-money/?p=20209#comment-8209 Nice attempt to rip old people off, to pay the nations irresponsible debts off. Nice try no cigar. Mr. (I use religion as a political tool) Perry….

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By: robb1 http://blogs.reuters.com/reuters-wealth/2011/09/28/heres-the-real-social-security-ponzi-scheme/comment-page-1/#comment-8208 Wed, 28 Sep 2011 21:44:09 +0000 http://blogs.reuters.com/reuters-money/?p=20209#comment-8208 Wait a minute… the wealthy pay more SS taxes during his lifetime and then gets almost nothing in the end?

Is not going to work.

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By: rbhandler http://blogs.reuters.com/reuters-wealth/2011/09/28/heres-the-real-social-security-ponzi-scheme/comment-page-1/#comment-8206 Wed, 28 Sep 2011 21:07:20 +0000 http://blogs.reuters.com/reuters-money/?p=20209#comment-8206 Not that I am fond of the over dramatic rhetoric, but I think we all can recognize a large degree of truth in that statement – Social Security is Ponzi Scheme. No, not literally, but it is a system that relies on an ever increasing base of new ‘buyers’ to support the older ‘buyers.’ Without this (as it stands currently) it is not sustainable, and very unlikely that a 25 year old paying into the system will get much out of it…unless we start have LOTS of kids.

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