Quote #23
[Social Security is] a Ponzi scheme -- named after Charles Ponzi, who set up a similar plan in Boston in 1920. He promised to pay investors 50% profit on their money in just 45 days. Gullible people poured money into his plan. But he couldn't possibly earn enough on the money to equal the rate of return he promised. So when someone wanted to withdraw his principal and interest, Ponzi simply paid him from money received from new investors. Eventually he couldn't meet the demands for repayment, and his scheme collapsed. He ended up in jail. But another such scheme was started in 1935, and this one is still going. It's called Social Security. Social Security differs from a Ponzi scheme in only two ways: 1. The politicians won't arrest themselves. 2. The politicians can change the rules whenever necessary to keep the scheme going.