It both has ponzi aspects, and doesn’t. You can’t call it a ponzi, because it isn’t. You can’t say it doesn’t have ponzi aspects, because it does. Wine isn’t beer, even if both gets you drunk. Or better yet, fermented grapes isn’t wine, but it’s possible both can get you drunk, eventually.
It is a sustainable system more or less when the monetary (monetarism) ponzi (which shouldn’t be in place) isn’t collapsing. Even if it is, and IT IS, the social security system is set up better than anything else on this planet. Social security is looking bad in forward projections….but compare those forward idiot projections with the quintillions in printing that need to go on to keep the monetary ponzi going. (need being for the idiot status quo anti-american system to keep going).
Without social security, we WOULD be back to the past where most old people were destitute, and shit out of luck. There is no ‘market’ way about it.
With a functioning American Credit System, or even a fucktard moneatry system not eating it’s children alive, social security would be fine. But since we are in a fucktard monetary system, which is currently imploding (or exploding) then yes, it’s looking quite bad, except in comparison to EVERYTHING ELSE.
What’s great about social security, is unlike what fucktard anti-american Austrian monetary school of non-thought dogma teaches you, is that old people are covered AND it is paid for by a strong physical economy that is built through private business on a platform foundation given to it by gov’t to succeed….AND people have an opportunity to invest in whatever they want or simply save…or both.
Under the Austrian school, everybody must save, yet the unavoidable consequences of life is not everybody is paid much, meaning as always, a huge proportion will never be able to save squat, and those people, will be completely screwed without social security. If you don’t have anything to save now, how are you supposed to make it after 65? Lots of idiotic people seem to think, though shit, which is about as idiotic as anything Paul idiot Krugman would say.
I won’t list all the ways social security ISN”T a ponzi, just like I won’t list all the ways it resembles a ponzi. But we need to have ‘catch phrase’ bullshit rather than reality I guess. Calling this a ponzi is saying any alcohol is beer. It isn’t. Everclear isn’t Utah Domestic beer.
It’s incorrect to call it a ponzi, just like it is incorrect to call it nothing like a ponzi. It is a separate definition, and thus any linkages saying it IS or it ISN’T is WRONG. You need a NEW name, and the differences must be realized. Is it sustainable under normal conditions? Yes. That’s what matters. Given outside influences based on fraud don’t impact it, will it collapse? Nope. It’s the fraudulent system CRACKING social security…and doing it far slower than everything else around us. Yet we like to point at THIS?
So while the monetary system is the house burning down, lots of people are focusing on why the rain is coming through the roof…whose holes were created by the fire…and say focus on that?
This is a bogus distraction, because social security even as everything is rigged against it in this fucktard monetary system will last far longer THAN the fucktard monetary system. When the fucktard monetary system is replaced, social security will not be a problem. It will be easily fixable, if it doesn’t fix itself by better jobs, and better wages, in a less inflationary/diluting environment.
Cause and effect. The cause is the fucktard monetary system, the effect is everything collapses..including…but much more slowly…social security.
Wake up people, this is one of the last things needing to be talked about, since it is wholly predicated on our fucktard monetary system.
Is it the car’s fault that you got into an accident or the fucktard decision to drive it after 12 beers?
The situation social security is in is caused by #1 our fucktard monetary system. #2-100? Same. #101 Demographics. That’s reality.
We need to focus on REAL issues. Not change a system because the fucktard monetary system created a problem where it didn’t exist before, and assume by fixing the effect, the cause will remedy itself. Bass Ackwards thinking won’t solve our problems.
Destroying the monetary system will. (when replaced by the infintely better American Credit System…ya know the one Hamilton gave us)
This shit ain’t very hard. Social Security is the effect, focusing on the cause is much more prudent than ditching a system because of it’s effects, or saying we must because Wine is Beer and effects influences causes….using inherently flawed 100 year asinine forward projections based on bullshit that have a worse shot of being anything resembling true than Greece having a surplus this year.
Glass-Steagall, not more bullshit sophistry.