Post by Bozur on Sept 17, 2019 15:08:42 GMT -5
Is Social Security A Ponzi Scheme?
The Boiler Room
79.7K subscribers
Todays video talks about how our social security system is truly none other than
a big ponzi scheme, and we discuss how each individual would be able to accumulate
a much greater amount of wealth over there life time than trying to depend
on social security.
Comments:
Zeem Alarcon
2 hours ago
Thank you for this video. There's too many people who aren't educated on this subject.
Masoud Golshadi
17 hours ago
so, with that been said, is there any way not to pay Social Security tax, and collect that
money and put it into, for example, Roth IRA?
donde2k
16 hours ago
Masoud Golshadi - Yes, but it will take a lot of work on our parts: VOTE REPUBLICAN.
At least w/ the R’s, we’ve got a chance at ending the ponzi scheme. The Dems use
SocSec as a fake carrot to dangle in front of their obedient drones.
wisdomwithwit
17 hours ago (edited)
Social security used to not be a ponzi. If they took the money and actually invested
17 hours ago (edited)
Social security used to not be a ponzi. If they took the money and actually invested
it and left it there it would be worth it. The problem is the government has tapped it
far too often. The other thing to consider is if you die your significant other can collect
your benefits. Just keep that in mind when calculating payouts.
Stinky Lebinowitz
20 hours ago
It is now but wasn't when I was first told I didn't have a choice. Back then, before
20 hours ago
It is now but wasn't when I was first told I didn't have a choice. Back then, before
the Democrats lead by Ted Kennedy got their hands on it, it really was my money
waiting for me to retire. Ted decided to take the cash and just put IOUs in its place.
So, now it is a classic ponzi, taking money from the newest members to pay
off the oldest.
The Boiler Room
20 hours ago
Exactly, i totally agree it used to be good now its a ponzi
20 hours ago
Exactly, i totally agree it used to be good now its a ponzi
Thunderbird
18 hours ago
Lets have people give their money to Criminals on Wallstreet and ZERO money back,
that's a brilliant idea!
The Boiler Room
18 hours ago
I dont deny there are bad people everywhere, but you donrealize the united states
18 hours ago
I dont deny there are bad people everywhere, but you donrealize the united states
government is the bigfest criminal orginazation in the worls
Thunderbird
18 hours ago
@the Boiler Room The ONLY things that makes government a criminal organization
18 hours ago
@the Boiler Room The ONLY things that makes government a criminal organization
are Corporations! Solution is to remove the Corporations and return the government
to The People!!!
Thunderbird
18 hours ago
"The power of all corporations ought to be limited...The growing wealth acquired by
them never fails to be a source of abuses." James Madison did NOT say "The power
of government ought to be limited". Republicans have given "Unconstitutional Power
To Corporations" in direct opposition to Founding Fathers and this power has enabled
corporations to "Steal Power From We The People". The reason Republicans want
"Deregulation and Small Government" is because they don't want "We The People"
to "Limit the power of all corporations" as James Madison says!
Our founding fathers had a healthy fear of corporations and allowed them to form only
Our founding fathers had a healthy fear of corporations and allowed them to form only
with strict limits!
reclaimdemocracy.org/corporate-accountability-history-corporations-us
When American colonists declared independence from England in 1776, they also
When American colonists declared independence from England in 1776, they also
freed themselves from control by English corporations that extracted their wealth and
dominated trade. After fighting a revolution to end this exploitation, our country's
founders retained a healthy fear of corporate power and wisely limited corporations
exclusively to a business role. Corporations were forbidden from attempting to influence
elections, public policy, and other realms of civic society.
Initially, the privilege of incorporation was granted selectively to enable activities that
Initially, the privilege of incorporation was granted selectively to enable activities that
benefited the public, such as construction of roads or canals. Enabling shareholders to
profit was seen as a means to that end.
The states also imposed conditions (some of which remain on the books, though unused)
The states also imposed conditions (some of which remain on the books, though unused)
like these:
* Corporate charters (licenses to exist) were granted for a limited time and could be
* Corporate charters (licenses to exist) were granted for a limited time and could be
revoked promptly for violating laws.
* Corporations could engage only in activities necessary to fulfill their chartered purpose.
* Corporations could not own stock in other corporations nor own any property that was not
* Corporations could engage only in activities necessary to fulfill their chartered purpose.
* Corporations could not own stock in other corporations nor own any property that was not
essential to fulfilling their chartered purpose.
* Corporations were often terminated if they exceeded their authority or caused public harm.
* Owners and managers were responsible for criminal acts committed on the job.
* Corporations could not make any political or charitable contributions nor spend money to
* Corporations were often terminated if they exceeded their authority or caused public harm.
* Owners and managers were responsible for criminal acts committed on the job.
* Corporations could not make any political or charitable contributions nor spend money to
influence law-making.
For 100 years after the American Revolution, legislators maintained tight control of the
For 100 years after the American Revolution, legislators maintained tight control of the
corporate chartering process. Because of widespread public opposition, early legislators
granted very few corporate charters, and only after debate. Citizens governed corporations
by detailing operating conditions not just in charters but also in state constitutions and state
laws. Incorporated businesses were prohibited from taking any action that legislators did
not specifically allow.
States also limited corporate charters to a set number of years. Unless a legislature renewed
States also limited corporate charters to a set number of years. Unless a legislature renewed
an expiring charter, the corporation was dissolved and its assets were divided among
shareholders. Citizen authority clauses limited capitalization, debts, land holdings, and
sometimes, even profits.
Most of this vital history is unknown to citizens today, but it can provide critical understanding
Most of this vital history is unknown to citizens today, but it can provide critical understanding
and tools for solving today's problems. Corporations are setting the agenda on issues in
congress, courts and the media rather than "We the People" as our founding fathers
intended. "We the People" can never speak as loudly with our own voices as corporations
can with the unlimited amplification of money.