Comments on: Is A 401k/IRA Screw Job Coming? http://thelibertyguardian.com/2010/01/is-a-401kira-screw-job-coming/ Liberty and Justice for All Wed, 21 Mar 2012 10:26:58 +0000 hourly 1 http://wordpress.org/?v=3.2.1 By: M.J. Harris http://thelibertyguardian.com/2010/01/is-a-401kira-screw-job-coming/comment-page-1/#comment-114 M.J. Harris Sun, 10 Jan 2010 06:53:30 +0000 http://thelibertyguardian.com/?p=1359#comment-114 Well you are right that social security isn't an investment scheme because its a ponzi scheme. http://www.businessweek.com/the_thread/economicsunbound/archives/2008/12/is_social_secur.html New entrants pay into the system so that older members can receive benefits. All the while the guys at the very top siphon off funds. Without a constant influx of new entrants the pyramid will collapse. Well you are right that social security isn’t an investment scheme because its a ponzi scheme.

http://www.businessweek.com/the_thread/economicsunbound/archives/2008/12/is_social_secur.html

New entrants pay into the system so that older members can receive benefits. All the while the guys at the very top siphon off funds.

Without a constant influx of new entrants the pyramid will collapse.

]]> By: misanthropope http://thelibertyguardian.com/2010/01/is-a-401kira-screw-job-coming/comment-page-1/#comment-113 misanthropope Sun, 10 Jan 2010 06:43:00 +0000 http://thelibertyguardian.com/?p=1359#comment-113 "Forcing people into Treasuries as an “annuity” is exactly what Social Security allegedly is." good job with the passive voice, there! WHO exactly alleges this? Soc Sec is a pay-as-you-go program, not an investment scheme of any sort. That may or may not be good news, but you need a better grip on your basic facts before you start drawing conclusions from them. "What’s even worse is that the government has intentionally suppressed Treasury yields during this crisis". really, and how do they coerce buyers into accepting those yields? dictating the yield on your debt as it trades in the secondary market is the financial equivalent of lifting yourself up by the bootstraps, plain mathematical impossibility. “Forcing people into Treasuries as an “annuity” is exactly what Social Security allegedly is.”

good job with the passive voice, there! WHO exactly alleges this? Soc Sec is a pay-as-you-go program, not an investment scheme of any sort. That may or may not be good news, but you need a better grip on your basic facts before you start drawing conclusions from them.

“What’s even worse is that the government has intentionally suppressed Treasury yields during this crisis”.

really, and how do they coerce buyers into accepting those yields? dictating the yield on your debt as it trades in the secondary market is the financial equivalent of lifting yourself up by the bootstraps, plain mathematical impossibility.

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