[Ipg-smz] Medicare

[Christine Hall]

Here Mac: https://en.wikipedia.org/wiki/Social_Security_Trust_Fund

Christine Hall
Publisher & Editor
FOSS Force: Keeping tech free
http://fossforce.com

On 6/26/19 11:43 AM, Mac McCarthy wrote:
> 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 
> <mailto: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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