How a Ponzi Scheme looks

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Red Oak
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How a Ponzi Scheme looks

Postby Red Oak » Mon Jun 29, 2015 6:28 pm

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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.

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planosteve
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Re: How a Ponzi Scheme looks

Postby planosteve » Mon Jun 29, 2015 9:15 pm

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.
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Red Oak
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Re: How a Ponzi Scheme looks

Postby Red Oak » Mon Jun 29, 2015 9:26 pm

May be Obamacare will fix SS ;)
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GRANDPA
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Re: How a Ponzi Scheme looks

Postby GRANDPA » Tue Jun 30, 2015 1:08 am

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.
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