[Ipg-smz] Medicare

[Mac McCarthy]

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...

On Wed, Jun 26, 2019 at 7:59 AM Christine Hall <christine at fossforce.com>
wrote:

> This is getting political, but that's not true. Social security fell
> apart when the funds kept being used to fund other services.
>
> Christine Hall
> Publisher & Editor
> FOSS Force: Keeping tech free
> http://fossforce.com
>
> On 6/26/19 9:43 AM, Stephen Satchell wrote:
> > On 6/25/19 8:04 PM, Kishore Jethanandani wrote:
> >> This idea of universal care or Medicare-for-all is such baloney--a myth
> >> waiting to be busted.
> >
> > One size does NOT fit all.  In some respects, we have baked
> > communisism/socialism into government institutions with the idea that
> > "if you make more, you can pay more" instead of charging a flat fee
> > (tax) for services.  Social Security went further -- it was a Ponzi
> > scheme that fell apart when the Baby Boomers came of retirement age on
> > one hand, and the raiding of the trust fund by Congress on the other.
> >
> > Reminds me of unions and pension funds -- "the money was just sitting
> > there."
> >
> > Minimum wage?  What a bad idea.  How about "minimum profit
> > participation" instead?
> >
>
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-- 

Mac McCarthy


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