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Dude, how is QUOTING you misrepresenting you?! And why must I ALWAYS ask that in these threads? Joel Send a noteboard - 11/03/2013 09:56:18 PM

"Fraud" was not your term, but not mine either: It was A2Ks, so talk to him if you have a problem with it. If not, the rest was your words.

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Insurance is the transference of risk from one entity to another, usually for a monetary cost. "Ponzi" is a descriptor for an investment or retirement method. They are 2 completely different things. Perhaps your confusion goes back to that whole understanding English problem that was identified elsewhere.

Yes, insurance transfers risk from one policyholder to a group of them including the initial one, with a third party charging a fee for shuffling their money back and forth between them. As long as ya'lls math checks profit is guaranteed. Even then there has been an alarming recent tendency to default force majeure and dismiss all claims (the most infamous case being Katrina victims with flood insurance informed "storm surge is not flooding," certainly news to anyone living near a levee.)

Yeah, I know how the game is played—hence why it is hypocritical to imply immorality in paying a groups claims with another much larger ones money, knowing the latter must always GREATLY exceed the former. That implication is not in itself hypocritical, but from someone WHO DOES IT FOR A LIVING.... :rolleyes:

Frankly, there is no civil respectful way for me to state my opinion of private insurers, so I will not try; probably best to stay on the topic of public insurance. ;)

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Can You Name the Largest US Program to ANNUALLY Collect More Than It Spent for 75 Straight Years? Joel - 28/02/2013 11:03:18 PM 1621 Views
Medicare? *NM* Aisha - 28/02/2013 11:38:22 PM 692 Views
No, Medicare has only been around about half as long. Joel - 28/02/2013 11:56:32 PM 1078 Views
Medicare has its own problems, and caused many more. You really do not want to have this debate. HyogaRott - 03/03/2013 03:03:15 PM 1003 Views
No, I do not, because Medicare and torts are invariably scapegoated for all problems with healthcare Joel - 04/03/2013 12:52:37 AM 1080 Views
I can argue with anyone on this (and have) btut first we need to break out that dictionary HyogaRott - 04/03/2013 04:45:06 AM 978 Views
I am sure you can and have; ability to form arguments does not automatically grant them validity. Joel - 11/03/2013 09:56:11 PM 1065 Views
Like I said, short conversation, once everyone uses the same definitions. HyogaRott - 13/03/2013 03:28:52 PM 1057 Views
From the way you're shitting yourself with glee, I'm going to say Social Security. Cannoli - 01/03/2013 12:45:50 AM 1185 Views
Hot dog, we have a wiener! Joel - 01/03/2013 01:40:18 AM 1163 Views
Also unlike Ponzis, Social Security was not meant to profit—it just did anyway. For 75 years. Joel - 01/03/2013 01:55:46 AM 1029 Views
It is a "Ponzi" by definition, any argument to the contrary just makes you look ignorant. HyogaRott - 02/03/2013 12:02:46 PM 1093 Views
Wait: An insurer is saying insurance is a Ponzi scheme? Joel - 04/03/2013 12:56:30 AM 1067 Views
You are making even lese sense than usual... Quite an acomplishment. *NM* HyogaRott - 04/03/2013 03:31:39 AM 623 Views
Maybe, but my math usually checks, and I never have to explain what I omitted. Joel - 11/03/2013 09:55:50 PM 1157 Views
My math ALWAYS "checks" - it isn't personal, you are just making absolutely no sense, *NM* HyogaRott - 13/03/2013 03:27:11 PM 558 Views
It's the world's greatest Ponzi scheme, since the government forces us to give money to it. Anonymous2000 - 01/03/2013 01:05:05 PM 1037 Views
Yes, "government forcing people to give money" defines a Ponzi; speeding tickets are Ponzis. Joel - 01/03/2013 03:53:02 PM 1117 Views
Good lord my friend..... Anonymous2000 - 02/03/2013 04:19:35 AM 1044 Views
I will just link what Isaac said; maybe then you will pay attention to it. Joel - 02/03/2013 04:56:34 AM 1114 Views
I really think you terribly misread what I said *NM* Isaac - 02/03/2013 06:59:56 AM 567 Views
Yes he did. He has very poor reading comprehension skills. *NM* Anonymous2000 - 03/03/2013 01:07:59 AM 589 Views
I really do not think I did. Joel - 04/03/2013 01:43:02 AM 1142 Views
I'm pretty confident you have Isaac - 04/03/2013 11:49:19 AM 1120 Views
We evidently disagree on what constitutes a Ponzi scheme. Joel - 11/03/2013 09:56:27 PM 1048 Views
No, I agree with a clear definiton, you seem not to want to absorb that Isaac - 11/03/2013 10:24:47 PM 1234 Views
It is neither an investment nor fraudulent. Joel - 12/03/2013 02:34:09 AM 1304 Views
Re: Yes, "government forcing people to give money" defines a Ponzi; speeding tickets are Ponzis. HyogaRott - 02/03/2013 12:22:34 PM 1114 Views
Fraud="money contributed is NOT invested for the contributor, but instead redistributed to others"? Joel - 04/03/2013 12:51:30 AM 1062 Views
You can try and misrepresent what I have said all you want, you are still wrong. HyogaRott - 04/03/2013 03:45:24 AM 1122 Views
Dude, how is QUOTING you misrepresenting you?! And why must I ALWAYS ask that in these threads? Joel - 11/03/2013 09:56:18 PM 1110 Views
Well, can you get more wrong? HyogaRott - 13/03/2013 03:45:08 PM 1018 Views
Okay, that's a really weird or naive standard to judge SS by Isaac - 01/03/2013 05:25:11 PM 1063 Views
Great; will you put that on a postcard to Cannoli, A2K, Rick Perry and the rest of your party? Joel - 01/03/2013 07:39:44 PM 1108 Views
I don't think I'd be telling them anything they don't already know... I mostly agree with them Isaac - 02/03/2013 05:38:56 AM 1268 Views
Means testing is flat out WRONG, and the contribution limit is a sticky debate HyogaRott - 02/03/2013 12:43:09 PM 1038 Views
Tell that to him not me, I didn't express an opinion and my implied one obviously doesn't favor it Isaac - 02/03/2013 05:28:14 PM 1151 Views
I was, I just hit the repy under the wrong post. He was the first to bering the two topics up. *NM* HyogaRott - 03/03/2013 04:09:34 AM 569 Views
It is insurance against old age poverty, not a longevity lottery. Joel - 04/03/2013 02:00:24 AM 1141 Views
It is not insurance, it is a pension plan, that also contains an overpriced LT disability insurance. HyogaRott - 04/03/2013 04:00:42 AM 1147 Views
Social Security Insurance; says so right on the label. Joel - 11/03/2013 09:53:33 PM 1285 Views
You can call it BedroomWindowVitamins but it does not change what it acutally IS. HyogaRott - 13/03/2013 04:34:42 PM 1042 Views
"Sustainable"=/="profitable;" bankruptcy was not always a given, as your fellows claim.. Joel - 04/03/2013 01:35:04 AM 1037 Views
Sustainable often means profitable, they are not universally synonmous but both at once is ideal Isaac - 04/03/2013 12:25:45 PM 1042 Views
That is the IDEAL, but NOT point: Sustainability needs no profit, yet profit ensures sustainability. Joel - 11/03/2013 09:56:48 PM 1524 Views
Your attacks on republican ideals would have more credit if you understood them random thoughts - 02/03/2013 04:27:34 AM 1092 Views
An ironic charge, since their defenses of those ideals typically suffer from the same defect. Joel - 02/03/2013 04:51:32 AM 1052 Views
I'm rubber you're glue, whatever you say bounces of me and sticks to you. nyah, nyah, nyah HyogaRott - 02/03/2013 12:58:10 PM 983 Views
"Unsustainable"=/="meeting monthly obligations for 75 YEARS and still having $2.5 trillion left." Joel - 04/03/2013 01:03:09 AM 1119 Views
Please look up the definition of sustainable. Hint: "its worked so far" isn't it. HyogaRott - 04/03/2013 04:25:19 AM 1124 Views
"As it is currently constructed/funded" is one HELL of a qualifier. Joel - 04/03/2013 04:41:30 AM 1162 Views
You just don't get it, or apparently are so in love with your political ideology you won't. HyogaRott - 04/03/2013 04:58:15 AM 960 Views
I believe if you check civilizations record you will find the human population has steadily risen. Joel - 04/03/2013 05:08:38 AM 1024 Views
*sigh* HyogaRott - 04/03/2013 12:15:22 PM 1023 Views
Birth RATES have fallen; POPULATION steadily rose in every period except the Black Deaths peak. Joel - 11/03/2013 09:56:36 PM 1332 Views
Re: Declining birth rates are the key HyogaRott - 13/03/2013 04:47:41 PM 1132 Views
Ironic that you would make my point while arguing against random thoughts - 04/03/2013 06:12:29 PM 958 Views
? Joel - 11/03/2013 09:56:59 PM 1157 Views
you mistate his posistion and then rationalize that you know what he really meant random thoughts - 13/03/2013 12:06:44 PM 978 Views
aH yes the great liberal investmetn/retirement plan that offers me a NEGATIGVE rate of return... HyogaRott - 02/03/2013 11:51:50 AM 1019 Views
Do you sincerely believe people earning $14,560/year can afford investing 4% of it? Joel - 04/03/2013 12:53:30 AM 1175 Views
*sigh* HyogaRott - 04/03/2013 03:43:08 AM 1017 Views
I tried it with compound interest; $44.80/month at 4% for 50 years still does not get to $1.25 mill. Joel - 04/03/2013 04:24:51 AM 1051 Views
Here are some clues. HyogaRott - 04/03/2013 04:37:39 AM 926 Views
It is math, not the Riddle of the Sphinx: EIther it adds up or does not. Joel - 04/03/2013 05:02:39 AM 1064 Views
Math is simple - Either you know how to calculate it or you don't HyogaRott - 04/03/2013 11:55:24 AM 1187 Views
Indeed. Joel - 11/03/2013 09:53:59 PM 1111 Views
Re: Indeed. HyogaRott - 13/03/2013 05:00:10 PM 1242 Views
SS is supposed to supplement a proper pension, not provide your sole income after retirement moondog - 05/03/2013 03:53:03 AM 950 Views
Did you bother to actually read anything? HyogaRott - 05/03/2013 02:32:16 PM 1021 Views
do *YOU* know what "living in poverty" means? moondog - 05/03/2013 05:49:14 PM 1116 Views
Re: do *YOU* know what "living in poverty" means? --- yeah, I've BEEN there. HyogaRott - 05/03/2013 08:01:33 PM 1039 Views
how about respond to a post with logic and civility instead of being a troll for once? moondog - 05/03/2013 11:03:00 PM 1167 Views
All I have used is civility and logic, or least as much civility as was warrented. HyogaRott - 06/03/2013 04:28:04 AM 1103 Views
yeah, it's my fault for stooping to your level.... moondog - 08/03/2013 07:22:24 PM 1152 Views
Re: yeah, it's my fault for stooping to your level.... HyogaRott - 10/03/2013 01:42:26 PM 1018 Views
i'm not going to keep going in circles so i will finish with this.... moondog - 11/03/2013 10:08:53 PM 1319 Views
No loss. HyogaRott - 13/03/2013 04:37:41 PM 960 Views
"Rah! Rah! Rah!" Can we please cut out all this blather and bile? Stephen - 05/03/2013 11:53:41 PM 1029 Views
spoken like a true enemy of the state! moondog - 06/03/2013 12:54:38 AM 979 Views
Re: spoken like a true enemy of the state! Stephen - 08/03/2013 03:04:37 PM 1042 Views
I was not trolling, but clarifying. Joel - 11/03/2013 09:53:48 PM 1097 Views
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