Discussion about this post

User's avatar
NegatingSilence's avatar

You provided no counter-argument to it being a ponzi scheme.

The Boomers are going to receive much more out of the system than they paid into the system. That sort of thing cannot continue. It's that simple.

Your rebuttal is, essentially, that the government can print money to pay the benefits. The problem with printing money to pay for inflation-adjusted benefits should be obvious too.

Why shouldn't we just "wait and see what happens"? Because there is no mystery about it. We know that people are about to take far more than they contributed, and we should take it back while they are still alive. The notion of "seniors in poverty" is ridiculous. That generation is obscenely wealthy, on average. Benefits can easily be provided to poor people (which includes old people) instead of old people.

Expand full comment
4 more comments...

No posts