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How a Ponzi Scheme looks
Posted: Mon Jun 29, 2015 6:28 pm
by Red Oak
Also keep in mind that the FICA bite is based upon a percentage of earnings, and real wages have fallen for decades and part time employment has increased.
Also keep in mind that for every 4 people drawing SS for themselves, or as a dependent; there is one person on disability.
Thank a Democrat.
Re: How a Ponzi Scheme looks
Posted: Mon Jun 29, 2015 9:15 pm
by planosteve
Well, you could argue that until you have drawn out more than you put in, you were supporting yourself. But, there's no way to know when that is. My father paid in all his life and when he died at 65, had only received 3 monthly checks.
Re: How a Ponzi Scheme looks
Posted: Mon Jun 29, 2015 9:26 pm
by Red Oak
May be Obamacare will fix SS
Re: How a Ponzi Scheme looks
Posted: Tue Jun 30, 2015 1:08 am
by GRANDPA
When My ex son- in-law died in a car wreck a few months ago, my granddaughter Cadie now gets $1,500 a month from his SS. I think it's more than double what he was paying in child support. Not sure how long she'll get it, a long time I bet as she's only 8 1/2 years old. Needless to say, we socking most of that away for the future.