You cannot stop all the schemes that are in play today, but they better start punishing these Ponzi Scheme artists hard as they are caught or there will be no deterent against future schemes.
Personally, I would like to see these guys like Madoff, Rothstein and this clown bankrupted, thrown in jail for many years, and then released into a pennyless environment.
Nope. I meant exactly what I said. Once the government has confiscated my money through the FICA tax, it becomes theirs. They can cancel the SS program at ANY time in the future and I have NO legal right to get my money back.
A Ponzi scheme pretends to be a real investment. If I got suckered, I have an ownership stake in something that was fraudulent. With SS, I’ve been forcibly suckered, and have no ownership stake in anything.
Oh yeah? How much money do you think you “taxpayers” paid into SS when you keep harping about being overtaxed? Everybody hates how SS is set up but not one damn person ever sent back one single check yet! so much for understanding how SS works, you cheapskate!
You cannot stop all the schemes that are in play today, but they better start punishing these Ponzi Scheme artists hard as they are caught or there will be no deterent against future schemes.
Personally, I would like to see these guys like Madoff, Rothstein and this clown bankrupted, thrown in jail for many years, and then released into a pennyless environment.
Then they can arrest Bernanke for the Federal Reserve Ponzi scheme and the Social Security administrators for the same thing.
No, Social Security is worse than a Ponzi scheme.
With a Ponzi scheme, you at least have the legal right to get your money back…
I think you mean you have a legal right to get what’s left of your money back. Hence, same as SS.
Nope. I meant exactly what I said. Once the government has confiscated my money through the FICA tax, it becomes theirs. They can cancel the SS program at ANY time in the future and I have NO legal right to get my money back.
A Ponzi scheme pretends to be a real investment. If I got suckered, I have an ownership stake in something that was fraudulent. With SS, I’ve been forcibly suckered, and have no ownership stake in anything.
Oh yeah? How much money do you think you “taxpayers” paid into SS when you keep harping about being overtaxed? Everybody hates how SS is set up but not one damn person ever sent back one single check yet! so much for understanding how SS works, you cheapskate!