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Reply #5: Pardon my disagreement, but its a Ponzi scheme [View All]

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bhikkhu Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Dec-05-04 01:50 AM
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5. Pardon my disagreement, but its a Ponzi scheme
and always has been. Based upon the premiss of continued growth in the economy and the population. In the event that growth does occur perpetually, the scheme works. So I wouldn't necessarily disagree with the beyond 2042 health of the system, up to the limit of the planet's capacity to support population increases.

If you look at the peak oil problem, however, "continued growth" is likely to end sooner rather than later, and Social Security may be the least of our problems. I hope I am wrong, but I don't plan to ever see a dime of Social Security money myself.
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