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Wednesday, February 10, 2010

Good Point.

Something to ponder:




-A Ponzi Scheme is where you collect money over a long span of time as an investment with the supposition that the money will be paid back with a high return at some point in the future.... but instead, you squander it, using it for your own purposes. An important factor to remember is that this crime is not focused on what you did with the money (whether your intentions were good or not), But the fact that you did something that resulted in your inability to make good on your promise to repay the investor, with their due interest.



-Bernard Madoff was recently incarcerated for defrauding investors out of 65 Billion dollars. He was scentenced to 150 years in prison ( he is 71 years old ).



-The United States Government has been collecting Social Security since 1935. That is, congress passed a law that year which made it LEGAL for them to take a portion of everyones earned income, with the promise that it would be put into a "safe place", and that, after reaching a certain age, you would have access to it via a monthly check.



-As a result of our debt and deficits, Social Security is now broke.



Bernard Madoff was penalized with 150 years in Prison for squandering 65 billion dollars. He will die in captivity. I wonder...Will the people who have squandered literally trillions of dollars, be held accountable for their actions?



It seems that the difference lies in the fact that if you are a private citzen, and you break the law, you go to prison. But if you are a lawmaker, you are able to write the laws in such a way that provides you with a degree of exemption from any accountability after breaking those laws.

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