Wednesday, December 17, 2008
The (Legal) Pyramid Scheme
What is the biggest, richest, pyramid scheme going right now? No, it’s not the one Bernard Madoff ("made off") has been running for fifty years. That only involves fifty billion dollars. The one to which I refer is the federal government’s trillion-dollar pyramid scheme called Social Security. You know, the one in which you’re FORCED to participate at the point of a gun (If you don’t believe that, try and NOT participate and see how quickly the guns come out). That is, unless you work FOR the government, in which case they have a much better scheme going, requiring much less of a contribution from you and more from the taxpayer, paying a LOT more. In Colorado, the plan for government employee retirement is broke. So they’re demanding that the people who could be MILLIONAIRES if they could have invested the Social Security money themselves. The frustrating thing is that if an individual such as Madoff runs a pyramid scheme it’s a CRIME. But when the government does it, it’s not. Like all pyramid schemes, it will eventually collapse when it requires more people than there are in the world to pay off the last suckers. (Just common sense)
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