Sunday, August 05, 2012

The Ponzi scheme emerges - Business Week: "Is Social Security still a good deal for workers?"  Nope: "People retiring today are part of the first generation of workers who have paid more in Social Security taxes during their careers than they will receive in benefits after they retire. It's a historic shift that will only get worse for future retirees, according to an analysis by The Associated Press."  As I've said before: the retirement program so good, they had to make it mandatory.

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