[Ipg-smz] Medicare

[Kishore Jethanandani]

<<The risk is when the payouts exceed govt revenues... >> That is why it is
called a Ponzi scheme

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06/26/19,
09:05:26 AM

On Wed, Jun 26, 2019 at 8:44 AM Mac McCarthy <mac.mccarthy at gmail.com> 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>
> 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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Kishore Jethanandani
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