Recent comments in /f/dataisbeautiful

TracyMorganFreeman t1_jc5r5pa wrote

>But everybody knows why it made the trade off and it wasn’t intentionally deceptive

No, it was sold as individual workers contributing to their retirement later on, which isn't how it works.

>Is the intention of social security to invest money? Is it being intentionally deceptive paying out benefits from tax revenue?

It's *not a progressive redistribution program either*.

>Obviously. Ponzi schemes are fraudulent. Social security isn’t fraudulent

That's a legal distinction, not a structural one.

>That’s not fraudulent.

Yeah it's just a ponzi scheme in all but name.

Do you not see how you are fixated on the part that isn't required of a ponzi scheme, and ignoring the very argument being made that it is structured by one? You are wishing to maintain a rhetorical air about it, and avoid the actual argument.

Economic bubbles aren't fraudulent either, but they're *also ponzi schemes*

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visualgeomatics OP t1_jc5lzem wrote

Source: GEBCO DEM, Sentinel-2 satellite imagery

Tools: Blender, QGIS, Global Mapper, Photoshop

Description: I combined sentinel-2 imagery with surface model data to cast light on it and create a pretty image that looks 3d. The map has lots of vertical exaggeration to bring out the topography, and I've coloured in the water, otherwise the image is a natural colour representation! Check out other examples on my instagram

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ktxhopem3276 t1_jc5kxbq wrote

> No, it's a ponzi scheme. Calling it a tradeoff by society doesn't preclude it from being a ponzi scheme.

But everybody knows why it made the trade off and it wasn’t intentionally deceptive

> If it took your money and actually invested it in something, then I wouldn't call it a ponzi scheme.

Is the intention of social security to invest money? Is it being intentionally deceptive paying out benefits from tax revenue?

> I take issue with forced participation, but that doesn't mean all forced participations are ponzi schemes.

Obviously. Ponzi schemes are fraudulent. Social security isn’t fraudulent

> Think of it this way: if it's not a ponzi scheme, then you wouldn't need to increase the rate or the cap to keep it solvent.

That’s not fraudulent.

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TracyMorganFreeman t1_jc5jsil wrote

No, it's a ponzi scheme. Calling it a tradeoff by society doesn't preclude it from being a ponzi scheme.

If it took your money and actually invested it in something, then I wouldn't call it a ponzi scheme.

I take issue with forced participation, but that doesn't mean all forced participations are ponzi schemes.

Think of it this way: if it's not a ponzi scheme, then you wouldn't need to increase the rate or the cap to keep it solvent.

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ktxhopem3276 t1_jc5g0af wrote

Forced participation or variations in benefits due to life expectancy isn’t deceptive. It’s a trade off made by society to give a gift to earlier generations. Calling it a Ponzi scheme is a rhetorical ploy to disparage something you don’t like for other reasons because you think people will believe your false analogy more than they will your real issue which is forced participation

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cX1s OP t1_jc5fizn wrote

I feel like the plateau is largely back-limited. It has the least data points because I held back on pushing it until I got a lifting belt. As far as I can tell, my grip is fine, not a limiting factor (I have chalk but rarely feel the need to use it). Sitting at 335 right now, but planning on going for 335 tomorrow, and if it feels okay might try for 345/355. Will see.

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TracyMorganFreeman t1_jc5elkn wrote

No need to be deceptive when you're forcing people to contribute, and the degree of contribution can be manipulated well after "investors" have committed to a particular contribution.

All you have to do is say it's for their own good.

The analogy is the way it's structured. Along that dimension of comparison it's perfectly apt.

Economic bubbles are a form of ponzi schemes too in the way they are structured.

Social security is a ponzi scheme in all the important ways that it make it so. They are unsustainable because they don't actually produce anything.

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