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From: Bobbie Sellers <bliss-sf4ever@dslextreme.com>
Newsgroups: comp.os.linux.misc
Subject: Re: 25 kernels
Date: Thu, 22 May 2025 08:56:34 -0700
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On 5/22/25 01:00, The Natural Philosopher wrote:
> On 21/05/2025 23:30, rbowman wrote:
>> On Wed, 21 May 2025 10:45:22 -0700, Bobbie Sellers wrote:
>>
>>>     No it is earned. Money is taken from your pay and
>>> invested in Government bonds. Then when you retire you get your taken
>>> money back adjusted for the Cost of Living.
>>
>> That's the theory...
> It isn't even the theory.
> 
> The theory is a Ponzi scheme. An expanding economy and inflation will 
> mean that paying today's pensioners with today's taxes works fine.
> 
> So long as you import enough  taxpayers and cause enough inflation
> Last years taxes have already been spent.
> 
	No you are confused because a Ponzi scheme pays not from Government Bonds
but from the private investments of the people taken in by the 
organizer(s) of the
scheme. Those who are not so rich try to avoid taxes legally and otherwise.
  The government bonds struggle against inflation. If more investors had
Government bonds or paid their proper income taxes as under Eisenhower then
we would have much less inflation of the currency. The larger private 
fortunes get
the more chance that some very rich people will do there best to 
untermine government.
You need to read "Capital in  the 21st Century" by Thomas Piketty to 
inform yourself.
It is a hard read. He has written a sequel but I have yet to see it. 
Been busy with
more entertaining matters such as breaking my ankle.

	bliss