Porch

I think I'm the only person in the world who likes paying bills.
Not because I particularly like spending money on utilities, but because paying all the bills in one sitting gives me a sense of accomplishment. It's different than buying things at a grocery store. Paying bills gives me a sense of GSD.

I should probably work in accounts payable some point in my life. I would probably really like that.

Today's topic: perspective.

Funny story; true story: Last semester in my International Accounting class, I had to write a paper on the FCPA. In this class, we had to have "peer reviews" by our classmates on our papers before we submitted the final draft. On my paper, some girl wrote that I needed to have "more perspection" in my writing.

If only I knew what perspection was.
(because, lol, it's not a word)

So does everyone here know what a Ponzi scheme is?

Wikipedia defines it as "a fraudulent investment operation that pays returns to its investors from their own money or the money paid by subsequent investors, rather than from profit earned by the individual or organization running the operation."

And we're going to go with what Wikipedia says.

Main idea: paying returns to investors from their own money or money paid by subsequent investors.

Doesn't this sound an awful lot like social security?
Everyone who works is required to contribute to this pot and then later, in theory, they will be able to get distributions from said pot.

(speaking of pot, it's legal in Colorado now. Denver really is now the mile high city...)

Am I making the claim that Social Security is in fact a Ponzi scheme?
Indirectly. I don't think it was intended to be, but do I think it's set up and operates like one.

Also, since Ponzi schemes never end in a good way, and everyone's freaking out about the way Social Security is going to collapse in the near future, I'd say the outcome will also be about the same.

But it's just a different perspective.

Callin' it like I see it,
TWS