Tag Archives : Ponzi Scheme
Even with a Volatile Stock Market, Personal Retirement Accounts Are Better and Safer than Social Security
Early last year, CF&P released this video, narrated by yours truly, making the case that the United States and other nations should shift from a tax-and-transfer entitlement scheme to a system of personal retirement accounts. Some left wingers criticized the idea, saying the big drop in the stock market in 2008-2009 is proof that personal […]
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Bloomberg’s Flawed Response to Social Security Shortfall: Americans Should Pay More and Get Less
The editors at Bloomberg have decided that condemning younger workers to a more dismal future is the best way to deal with the Social Security program’s giant long-run shortfall. They want workers to pay higher taxes to prop up the bankrupt system. And, in exchange for those higher taxes, they want to give people less […]
read more...How Appropriate: Politicians and Statists Celebrate Charles Ponzi’s Birthday by Demanding No Changes to Social Security
Yesterday was the 129th anniversary of Charles Ponzi’s birthday. Normal people don’t celebrate the birth of con artists, but a tediously left-wing columnist at the Washington Post, Eugene Robinson, must be a big admirer of Charles Ponzi, because he seems very happy that people don’t want to “cut” entitlements. According to the NBC/Wall Street Journal […]
read more...Want to Know How Social Security Works?
A picture says a thousand words.
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