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Replies to Msg. #957811
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 Msg. #  Subject Posted by    Board    Date   
03227 Re: Helicopter Money Arrives: Switzerland To Hand Out $2500 Monthly To All Citizens
   Decomposed> And - getting back to Switzerland - that leaves me wonderi... 		Zimbler0   POPE IV   31 Jan 2016
 1:36 AM
03217 Re: Helicopter Money Arrives: Switzerland To Hand Out $2500 Monthly To All Citizens
   De, my big brother died 30 days before his 63rd birthday. 		DGpeddler   POPE IV   30 Jan 2016
 10:08 PM

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Re: Helicopter Money Arrives: Switzerland To Hand Out $2500 Monthly To All Citizens

By: Decomposed in POPE IV
Sat, 30 Jan 16 8:54 PM
Msg. 03211 of 47202
(This msg. is a reply to 03208 by Zimbler0)
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Zimbler: 

re: "Keep us posted on this, De."

Or Nemo will, I'm sure.

You know, we laugh at the absurdity of a $2,500 monthly payment for every adult citizen. But is it SO different from what we do here, where SS pays out far more than it collects?

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And SS isn't our worst offender. At least it collects a significant amount of money from its beneficiaries. And many of them (though not nearly as many as expected by those who designed the program) die before their benefits exceed what they've paid. I don't know if the chart above takes that into account or not. At a high interest rate, which we don't have and probably never will again, the difference between what was collected in Social Security taxes and what gets paid out might not be that extreme.

But what about Medicare? It's in far worse shape. As you can see below, we've brewed a socialist nightmare of our own. And - getting back to Switzerland - that leaves me wondering . . . who are we to talk?

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Gold is $1,581/oz today. When it hits $2,000, it will be up 26.5%. Let's see how long that takes. - De 3/11/2013 - ANSWER: 7 Years, 5 Months