So the problem was not with his plan. The problem is with
Posted on: May 15, 2019 at 09:28:06 CT
DHighlander NWMSU
Posts:
46075
Member For:
15.69 yrs
Level:
User
M.O.B. Votes:
0
the current system. It is a pyramid scheme and the only way to keep current people from losing out is to continue it indefinitely.
The money we put into the system is already gone. The only way we collect is to continue adding new contributors that will pay our benefits.
There is no way to transition from this system to something more fiscally sound without someone being hit with a huge bill.