The following are marks of pyramid schemes:
1. People who get into the scheme make out well. People who get in later are robbed.
2. The people who manage the scheme skim the money not being paid out off the top.
3. The money does not get invested. It only seems to be invested.
1. Look at Ida May Fuller. http://en.wikipedia.org/wiki/Ida_May_Fuller. She was one of the first into social security. She made out like a bandit. Anyone who starts to collect social security does not collect any interest on the money put in. We would have been better off with passbook savings.
2. Look at where social security money goes. Congress pays out what was promised. The rest congress pays out for other purposes.
3. The money we put into social security goes in as an IOU. Congress does not have any money to pay back the investment in social security.
No comments:
Post a Comment