"DSK" wrote
Actually I think Vito is the one who plays that tune the most. But what
matter? It's the gov't. The gov't can sieze land, run a pyramid scheme,
extort money by threat of violence, print their own money, run
increasing budget deficits for decades if not centuries, drop bombs on
foreign cities, all sorts of things that private citizens cannot do.

I refer to it as a ponzi scheme only to distinguish it from an investment
scheme, which it is not and never was. Hence comparing it to investment
schemes as in "If I'd have put my $$$ into the market I'd have a bigger
yield" is wholly meaningless. If I'd chosen billionaire parents .... but
nobody gets a choice on parents or taxes.

Actually I think Vito is the one who plays that tune the most.

Vito wrote:
I refer to it as a ponzi scheme only to distinguish it from an investment
scheme, which it is not and never was.

Right, I think we're in agreement on this.

... Hence comparing it to investment
schemes as in "If I'd have put my $$$ into the market I'd have a bigger
yield" is wholly meaningless. If I'd chosen billionaire parents .... but
nobody gets a choice on parents or taxes.


In theory, we are supposed to be able to choose our taxes... democracy,
right?

Meaningless comparisons between Social Security, and all the things it's
not, is one of the ways that the pro-Bush faction is trying to sell this
"SS plan."

It's really just a lurid scheme to harvest bigger campaign contributions
from Wall St. A friend of mine who lives in Chicago says they should
consult with Daly on how to disguise it better!

DSK