How Social Security works

Understanding how Social Security works is vital to seeing what a horrible scheme it is and how we need to end it before we all go broke.

Category:

Education

Tags:

• social
• security
• ponzi
• scheme
• scam
• pension
• fraud

[Kan2209]

Why not just spend it all on beneficiaries?

[shanedk]

@Kan2209 They should, of course, but it still won't work. See the follow-up.

[shanedk]

@iwunz3 "Even if that is your conclusion, you should explain how the program works,"

I did.

"how it is abused"

I did!

"and then present and defend your claim that it is a Ponzi scheme."

I DID!!!

Geez...did you even WATCH the video???

[poindexterwitkowsky]

Stand up 4 your RIGHTS Americans.~ The REPUBLICANS have been FOOLING YOU for the last 30 yrs. SOCIAL SECURITY*, (SS) , is NOT an entitlement! SS HAS A $2.6 TRILLION SURPLUS. SS CAN pay every claim at least until 2030.~ SS DOES NOT increase the federal budget by one cent! Tell the REPUBLICAN GANGSTERS & THEIR WALLSTREET BANDIT FRIENDS that you will FIGHT any PRIVATIZATION OF your SS pension~You will FIGHT ANY REDUCTION IN BENEFITS. YOU will FIGHT any change in AGE REQUIREMENT FOR SS BENEFITS!

[shanedk]

@lazarokim36 What format does it require?

[carrollbarn1026]

Unusual remarks on this video yet again.



[DistortedFaiths]

@ComradeMr I somewhat agree with you. Corporations are the enemy and they do it all for profit. Profit is just a financial state it has nothing to do with what shanedk mentioned. In a sense it wouldn't be right to have a "people" government, because the people aren't really the ones that make the better decisions. I mean even if you get rid of corporations there's always gonna be some idiot trying to take the cake. You can't trust the idiots walking around. Society needs to change.

[1czelaya]

@poindexterwitkowsky So how is it not a Ponzi scheme? Again, can you factually prove that it's not? Here's a little FYI, BOTH Democrats and Republicans have spent Social Security funds. If you could just answer those simple question, you would make me a believer for SS.

[shanedk]

@ComradeMr "Corporations are for profit only"

Everything you do is for profit. You work a job for profit, you hang out with your friends for profit, you watch TV for profit--because you consider the value you get for ALL of those things to be greater than the costs. Complaining about others doing the same thing is blatant hypocrisy.

The problem is GOVERNMENT. You even said so!

[ComradeMr]

@shanedk No, it's truth. Corporations are for profit only, that is their purpose. What do you think it's for, why do you think Goldman Saches gets all that money from the government? Goldman Saches knows that the people aren't paying for it so the government OPENLY gives money to the corporations.

It's not paranoid wingnutry, it's facts.

[shanedk]

@ComradeMr Oh, I'm sorry--I didn't realize you were a paranoid wingnut! I'll not bother trying to argue rationally with you then...

[ComradeMr]

@shanedk Sorry, what? Corporations are the enemy of the people. They do whatever for their profit and their shareholders instead of the customers.