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From: The Natural Philosopher <tnp@invalid.invalid>
Newsgroups: comp.os.linux.misc
Subject: Re: 25 kernels
Date: Thu, 22 May 2025 20:12:15 +0100
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On 22/05/2025 16:56, Bobbie Sellers wrote:
> 
> 
> 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. 

Yes. IN this case the government.


>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.

Taxes do not go into government bonds
Bo country except perhaps Norway funds social security of any sort from 
anything expect this years taxes and this years borrowing


> 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.
> 

I think you should read it again.


"Government debt is at £2.8 trillion and Rachel Reeves is borrowing 
another £40bn

Britain is sleep-walking into financial Armageddon and no government or 
politician has the knowledge, ability or will to stop it.

The state financial system is one big pay-as-we-go Ponzi scheme. Those 
at the bottom, workers and businesses, contribute through taxation, 
while those at the top, pensioners and those on benefits, immediately 
withdraw the money.

There is no pot of money to fund them and nothing is put aside for a 
rainy day."

https://www.telegraph.co.uk/money/pensions/state-pensions/state-pension-ponzi-scheme-britain-financial-armageddon/
>      bliss
> 

-- 
Outside of a dog, a book is a man's best friend. Inside of a dog it's 
too dark to read.

Groucho Marx