|
Which might explain why I don't like insurance companies.
But, as usual, you go off on a tangent. Ignoring
the main point.
But, OK, I believe Insurance companies are required
to maintain assets (with value) so that they can
make the required and expected payouts.
http://www.naic.org/capital_markets_archive/110819.htm
Ponzi schemes do not maintain sufficient assets
to make the money to pay back the investors.
What assets does S.S. actually have? Treasury Notes?
issued by an entity which chronically (for decades)
overspends its income.
And then, with 'quantitative easing' treasury notes
yields are so low . . . that S.S. 'assets' are actually
losing value. (Inflation.) While cost of living
raises and new retirees payouts increase what S.S. must pay out.
It ought to frighten most sane people.
(Although, with all your IRA and 401K money you
probably do not need S.S. . . . so maybe you should
just tell the government to keep your money and maybe
that'll help keep S.S. solvent a little longer.)
Zim.
Mad Poet Strikes Again. |
| 