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The New DU. Reply #18: you are clueless about Soc Sec
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Justitia
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Tue Dec-07-04 04:11 PM
Response to Reply #16 |
| 18. you are clueless about Soc Sec |
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a Ponzi scheme does use money of later investors to pay off earlier ones.
Soc Sec is an INSURANCE TRUST. Working taxpayers of TODAY are paying the Soc Sec recipients of TODAY, not putting away funds as an investment with a rate of return to be realized by themselves as an annuity at a later date.
Rate of return 2%? Where did that come from? Maybe you are referencing the administrative cost of the program which is 2% - the most cost effective gov't program EVER.
Do your homework from something other than RW talking points before you play on DU.
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