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230

I didn't get the chance to bring up how his generation sent all the good jobs away and crushed domestic wage growth which precipitated the crisis in the first place.

sigh...

I didn't get the chance to bring up how his generation sent all the good jobs away and crushed domestic wage growth which precipitated the crisis in the first place. sigh...

(post is archived)

[–] 2 pts

SSI isn't supposed to be funded by anything other than SSI payroll deductions. It's a ponzi scheme and since there are no good jobs left the boomers are going to eat up the all the money genx and millenials paid in leaving nothing for them.

[–] [deleted] 2 pts

Not quite. The money is fiat, printed endlessly out of thin air. The purpose of taxation is to KEEP WHITE PEOPLE POOR AND STRUGGLING. Any money we do pay in taxes is quickly siphoned off by the jews, so nary a penny ever gets 'put away' in some magical SSI bank vault. It's taken and then it's all gone.

So fret not about SSI running out of money. It's all accounting trickery. You'll get yours - or not- regardless of what Boomers spend today. You young'uns are screwed in so many ways, but not by Boomers. By government. Always and only by government, directly and indirectly.

[–] 0 pt

Except in this case that doesn't apply. The endlessly printed money can't be used to fund SSI, and the hyperinflation it creates makes the ponzi scheme even more fragile because you need a constantly growing population which is why the boomers are crashing it.

The SSI system, like welfare, will be bailed out as needed to keep the seniors voting the bastards into power. Magic money pays for everything. Do you really think one penny of collected SSI actually goes toward paying out SSI to seniors? Nope! There is no SSI fund except on paper. No big box, no bank account, nothing but fake accounting schemes. The money you've paid in was siphoned off the day it showed up. It's gone forever. So why would the government ever pay you in retirement? Only to keep the next generation of taxpayers on the hook. When they see you not getting payed, the house of cards collapses. Easier for the government to just add magic digits to your bank account than to deal with a real tax revolt. Don't even have to print magical paper money any more.

But wait, maybe I'm totally wrong on this. Surely there is a bank account in your name with stacks of paper money sitting in it. Nice old paper money in huge stacks and every year, somebody at the SSI Administration deposits your share in that bank vault. How could I be so mistaken? Sorry.

[–] [deleted] 1 pt (edited )

They rolled all the SSI shit into the market years ago and the central banks have been using it as a piggy bank to pump the parts of the market they decide are too big to fail or as an insider trading scheme. They do the same thing with the 401k's, use a giant pile of money to manipulate everything. Thats why they are stuck now trying to fund boomers off of incoming payments from a decreasing pool of millennial SSI payments as they squandered stole and lost any gains they made using the shit as an investment engine. Now the whole thing is so leveraged hundreds of different ways into toxic bullshit they can only sustain it by printing endlessly.