View original postView original postI don't consider it a Ponzi scheme, I think it currently relies on unsustainable methods and that many who resist fixing it either have the blind resistance of someone being fooled in a Ponzi scheme or the malicious self-centered attitude of the one who set it up. I doubt there are many of the latter. This just reflects my general disagreement with most people, left or right or mod, that the opposition has a disproportionate number of scumbags.
View original postNo, my attitude on SS, beyond my ideological objections to the current form and my pragmatic objections to its administration, is simply that it is unsustainable as it is in conjunction how we are. That lack of stability relates to the payments at their current level exceeding what the average individual's contribution has actually produced, this is the nature of a Pyramid Scheme, I just don't believe it qualifies as fraud since fraud requires a person to know they are saying something false for the purpose of deceiving someone to their harm and your benefit, and I don't think most people or politicians who favor SS would qualify. I happen to think Islam is not a true religion, nor Buddhisms, nor Catholicism, nor Wicca, etc, that hardly makes them fraud, just not true in my eyes. However, unlike religion or a lack thereof in civilized society, I can't ignore that it is wrong if not maliciously or fraudulently so because nobody makes me attend their temple but they do make me pay SS.
View original postThat I may differ with the others about the motives of the opposition's supporters really has jack to do with my view as to the actual flaws in SS, as I've said, and their remarks seem to support, we are of like mind.
View original postIf it is solely a matter of restructuring benefits to less than or equal to contributions we do not have a Ponzi scheme; one can rob Peter to pay Paul so long as there are always more Peters than Pauls, and steady population growth ensures that for the foreseeable future. The core problem with Ponzis is not the size of return but that they 1) require ever more investors yet 2) promise returns (size does not matter) so quickly the investor pool is static. Ponzis run out of new investors, and quickly; social security insurance is all but assured there will always be several times as many people working as >65, disabled and/or the surviving dependent of a worker.
View original postThe others remarks are, in summary, that SS was always unsustainable on any basis, because, as all Ponzis, beneficiaries must eventually exceed contributors. You say you disagree with their statement yet are in like mind with them, which is a logical contradiction.
I'm not sure how much clearer I can make this. A Ponzi scheme is "A Ponzi scheme is a fraudulent investment operation that pays returns to its investors from their own money or the money paid by subsequent investors, rather than from profit earned by the individual or organization running the operation. "
My disagreement revolves entirely around the word fraudulent. I follow the legal definition of fraud:
In the United States, common law recognizes nine elements constituting fraud:
1. a representation of an existing fact;
2. its materiality;
3. its falsity;
4. the speaker's knowledge of its falsity;
5. the speaker's intent that it shall be acted upon by the plaintiff;
6. the plaintiff's ignorance of its falsity;
7. the plaintiff's reliance on the truth of the representation;
8. the plaintiff's right to rely upon it; and
9. consequent damages suffered by the plaintiff.
Fraud requires all nine of those be established, more than one could be debated especially outside of intent to convict in court, but #4 is a safe bet, because unless someone wants to name a specific individual it is pretty obvious most liberals believe SS is not an innately flawed construct.
So, again, I do not consider it a Ponzi Scheme because I do not believe it was fraudulent, my disagreement with the others is essentially the difference between two people debating if an astrologer is a fraud or not, one saying she is and the other saying she believes in it thus not a fraud, but both agreeing there is little to no reason to believe in her forecasts.
I do not know how this keeps confusing you, and I am more than passing angry at what seems like a deliberate misreading of my comments. Especially when they are so clear and this disagreement with others of the type you suggest does not seem to exist in their eyes either.