10 reasons Social Security is worse than a Ponzi scheme

I have often commented that Social security was a ponzi scheme. I am aware that there are differences but the point is that it is a terrible plan. In retrospect I don't support Gov. Perry or agree with him Social security is not a Ponzi Scheme, it is worse than one. Here are ten reasons why.

1. Ponzi schemes are illigal. Social Security is unconstitutional- judges have use the general wefare clause to to justify it and greatly expand the federal government’s power. If the general welfare clause allows this then I guess anything intended to do good is a federal power.

2. No one is forced into a Ponzi scheme.  Social Security is mandatory for the vast majority. of Americans.

3. Ponzi schemes are not insured by the fed govt. Tax payers will bail out social security if it fails, and it will fail unless they change it and make it so the retirement age is greater, payouts are less and there will probably be means testing for need.

4. Politicians us Social Security to manipulate and threaten voters.  Threatening that if you don’t vote for them their opponent will let the elderly starve. Etc.

5.  Your benefits under Social Security are not in any way guaranteed congress can change or eliminate them any time. At least with a good Ponzi scheme you promised a 10 per month return. Its a lie but at least you know what you are promised.

6. Social Security was designed to work in conjunction with savings and pensions but instead the effect has been that fewer and fewer companies fund pensions so many people with blue collar jobs are worse off.

7. Social security has helped cause the deficit. The excess money from Social Security was lent to to govt. has given the Fed. Govt. a continuous cash flow that was spent to buy votes. Soon that money will have to be paid back and will likely mean tax increases.

8.  With a Ponzi scheme your estate has the same rights to your claim as you do.  With Social Security once you die your Social Security benefits end your children or spouse may receive an alternate benefit but only under certain conditions and a spouse may have to waive their benefits to take yours.

9. The way Social Security is set up it costs society more the longer people live. Politicians have a vested interest in reduced life expectancy because that would make their jobs easier by costing Social Security Less.  Soon if we have a single payer system they would be able to fix Social Security by quietly manipulating payouts and surgeries to lower life spans.

10. Social Security causes class warfare. Taking from one generation to pay for another. What if in 2020 all the people under 50 who are a large majority  vote in politicians who decide to end Social Security. All those who paid in could get nothing. This is what can happen when you put govt. in charge of your retirement. individual rights are ignored for the supposed greater good. I don't trust politicians that much.