<div dir="ltr"><div class="gmail_default" style="font-family:verdana,sans-serif"><span style="font-family:Arial,Helvetica,sans-serif"><<The risk is when the payouts exceed govt revenues...</span> >> That is why it is called a Ponzi scheme <br></div><br><div class="mt-signature">
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<span style="color:transparent;font-size:0">06/26/19, 09:05:26 AM</span>
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</div><img width="0" height="0" class="mailtrack-img" alt="" style="display:flex" src="https://mailtrack.io/trace/mail/7602a6a8314d7227a8c8c07827f07aa4af5a8a71.png?u=4496385"></div><br><div class="gmail_quote"><div dir="ltr" class="gmail_attr">On Wed, Jun 26, 2019 at 8:44 AM Mac McCarthy <<a href="mailto:mac.mccarthy@gmail.com">mac.mccarthy@gmail.com</a>> wrote:<br></div><blockquote class="gmail_quote" style="margin:0px 0px 0px 0.8ex;border-left:1px solid rgb(204,204,204);padding-left:1ex"><div><div dir="auto">I believe there i no actual "fund"--it's the equivalent if a promissory note. Not funded just paid out from social security funds paid in or general revenues. The risk is when the payouts exceed govt revenues...</div></div><div><br><div class="gmail_quote"><div dir="ltr" class="gmail_attr">On Wed, Jun 26, 2019 at 7:59 AM Christine Hall <<a href="mailto:christine@fossforce.com" target="_blank">christine@fossforce.com</a>> wrote:<br></div><blockquote class="gmail_quote" style="margin:0px 0px 0px 0.8ex;border-left:1px solid rgb(204,204,204);padding-left:1ex">This is getting political, but that's not true. Social security fell <br>
apart when the funds kept being used to fund other services.<br>
<br>
Christine Hall<br>
Publisher & Editor<br>
FOSS Force: Keeping tech free<br>
<a href="http://fossforce.com" rel="noreferrer" target="_blank">http://fossforce.com</a><br>
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On 6/26/19 9:43 AM, Stephen Satchell wrote:<br>
> On 6/25/19 8:04 PM, Kishore Jethanandani wrote:<br>
>> This idea of universal care or Medicare-for-all is such baloney--a myth<br>
>> waiting to be busted.<br>
> <br>
> One size does NOT fit all. In some respects, we have baked<br>
> communisism/socialism into government institutions with the idea that<br>
> "if you make more, you can pay more" instead of charging a flat fee<br>
> (tax) for services. Social Security went further -- it was a Ponzi<br>
> scheme that fell apart when the Baby Boomers came of retirement age on<br>
> one hand, and the raiding of the trust fund by Congress on the other.<br>
> <br>
> Reminds me of unions and pension funds -- "the money was just sitting<br>
> there."<br>
> <br>
> Minimum wage? What a bad idea. How about "minimum profit<br>
> participation" instead?<br>
> <br>
<br>
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</blockquote></div></div>-- <br><div dir="ltr" class="gmail-m_-6486039460623138994gmail_signature"><span style="border-collapse:collapse"><p style="font-family:arial,sans-serif;margin:0px"><span style="font-family:arial">Mac McCarthy</span></p><p style="font-family:arial,sans-serif;margin:0px"><span style="font-family:arial"><br></span></p><p style="font-family:arial,sans-serif;margin:0px"></p><div style="font-family:arial">Get my<b> "Wine Tasting 101" - Kindle Edition only $1.99</b></div><div><font color="#0000ee" face="Verdana, Geneva, Arial, Helvetica, sans-serif"><u><a href="http://amzn.to/13GWHPI" target="_blank">http://amzn.to/13GWHPI</a></u></font></div><div style="font-family:arial"><b>Amazon Prime</b> members! <u>Borrow this book</u> <u>FREE</u>!</div><p></p><p style="font-family:arial,sans-serif"></p></span></div>
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</blockquote></div><br clear="all"><div><br></div>-- <br><div dir="ltr" class="gmail_signature"><div dir="ltr"><div><div dir="ltr"><div><div dir="ltr"><div><div dir="ltr"><div dir="ltr"><div dir="ltr"><div dir="ltr"><div dir="ltr"><div dir="ltr">Kishore Jethanandani<div><a href="https://about.me/kishorejethanandani" target="_blank">Aboutme</a><br></div><div><a href="http://www.futuristlens.com" target="_blank">Futuristlens</a></div><div><a href="https://medium.com/@FuturistLens" target="_blank">FuturistLens Magazine on Medium</a></div><div><a href="https://futuristlenspredictions.wordpress.com/" target="_blank">FuturistlensPredictions</a></div><div><a href="https://wefunder.com/eyecam" target="_blank">eyeCam</a></div><div><a href="http://www.telcotransformation.com/author.asp?section_id=401&doc_id=726647" target="_blank">Telco Transformation</a><br></div><div><div><br></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div>