Why are Ponzi schemes illegal? And, why are Medicare, social security and Obamacare legal?
We were getting stuff ready for our taxes and I was looking at my husband's W2. The amount of social security and Medicare taxes is unbelievable! Go get your W2. You will be outraged. And, you know what? We will never see a penny of that money.
I know I said it before, but if Newt had gotten his way in the 90s, all of that money would be sitting in an account with my husband's name on it and we would get every penny of it back.
Liberals said that privatizing social security was stealing granny's retirement. They called it pushing granny off a cliff. They even have an ad showing a man in a suit (clearly a Republican) pushing a woman in a wheelchair off a cliff.
They know that isn't what we want. But, I worry that they believe their constituents to be so uninformed that they can say anything and people will believe it.
Of course, after getting their way, liberals spent all of the money on other things. After telling granny their money was safe with them, democrats spent all of granny's (and our) money.
They spend all of the social security money on God knows what. And, they spent the Medicare money on Obamacare
The bottom line is that social security is the idea that you pay a little bit now and get more later. How is that different from a Ponzi scheme? Newer people pay in and the money goes to the older people. It works until it is discovered, the money runs out or there are fewer younger people than old.
Same with Medicare and same with Obamacare.
Why are they legal?
I don't know. Do you?