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Social Security is a ponzi scheme. Insurance companies have assets the can fall back on to pay claims, they don't just pay them out of insurance payments as th
by iterative 13y ago
Social Security is a ponzi scheme. Insurance companies have assets the can fall back on to pay claims, they don't just pay them out of insurance payments as they come in.
http://www.forbes.com/sites/richardsalsman/2011/09/27/social-security-is-much-worse-than-a-ponzi-scheme/ http://www.forbes.com/sites/richardsalsman/2011/09/27/social...
- empthought 13y agoWhat? Insurance companies primarily finance the payment of claims from premium payments. Doing anything else would indicate an unacceptably high loss ratio and a failing business.