Quote:
Originally Posted by buffa98
Thank you for the thoughts.
BUT when it was enacted there were 28(?) people working for every one person drawing. Now the ratio is closer to 4.5 to one. When the Baby boomer star to retire in droves 2011(at age 65) there will an even lower number. The system as designed does not work. My answer is let the people who are young enough let them opt out of the system(myself included) That way we would be responsible for our own retirement.
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Remember what happened with Madoff? When the pool of young suckers dried up, the old suckers bit the big one. Same with SS. If they let the youngsters like you off, what happens when the old ones of Ponzi Scheme claim money? Who pays into it? It is a Ponzi Scheme, is it not?