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All Ponzi Schemes Eventually Collapse

Posted by taxguru on May 22, 2020

Even the ones that all Americans are forced at the point of a gun to participate in, such as Social Security and MediCare cannot go on forever.  As I mentioned in my earlier post on why grabbing SS benefits ASAP is the only way to avoid being frozen out, the mythical SS Trust Fund is running out of the money necessary to honor the current payment plans. 

The current virus crisis has exacerbated that problem, with millions of fewer people able to contribute to the “Trust Fund” and holidays from this forced participation being proposed as a means of kick-starting the economy that has been devastated by the shut-downs.

From ForbesNew Analysis Confirms: The Social Security Trust Fund Is In Trouble 

From Bipartisan Policy Center: COVID-19 May Deplete Social Security Trust Funds This Decade 

From SSA: The 2020 OASDI Trustees Report

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