Comments on: Ponzi Schemes and Social Security http://www.nextgenerationlaw.com/ponzi-schemes-and-social-security/ Ideas for the next generation lawyer Wed, 28 Jul 2010 20:14:14 -0700 http://wordpress.org/?v=2.8.4 hourly 1 By: Tex http://www.nextgenerationlaw.com/ponzi-schemes-and-social-security/comment-page-1/#comment-782 Tex Mon, 05 Jan 2009 18:59:48 +0000 http://www.nextgenerationlaw.com/?p=299#comment-782 I don't hate the player. Lawyers are very useful when you need one, but when they are entirely disproportionate makeup of our government, action needs to be taken. I'm not saying it's ONLY the lawyers that are the problem, but it is MOSTLY caused by them. Lobbyists will also always be around, and we WANT them around, but they don't have to be as influential as they are currently, and they WOULDN'T be if there were term limits. I have no other idea how, as a voter, to remove the incentives for Congress to pander to, or be pandered by, lobbyists. Are you also in favor of term limits? Many state/local governments have them, the federal executive branch has them, why not Congress? We know the answer: The ones that have to take action won't do it on their own, and will use every tactic known to the legal profession to prevent/stall such an effort. The only ones, in my view, that can make this change happen, is people from inside the legal profession. I don’t hate the player. Lawyers are very useful when you need one, but when they are entirely disproportionate makeup of our government, action needs to be taken. I’m not saying it’s ONLY the lawyers that are the problem, but it is MOSTLY caused by them. Lobbyists will also always be around, and we WANT them around, but they don’t have to be as influential as they are currently, and they WOULDN’T be if there were term limits.

I have no other idea how, as a voter, to remove the incentives for Congress to pander to, or be pandered by, lobbyists.

Are you also in favor of term limits? Many state/local governments have them, the federal executive branch has them, why not Congress? We know the answer: The ones that have to take action won’t do it on their own, and will use every tactic known to the legal profession to prevent/stall such an effort. The only ones, in my view, that can make this change happen, is people from inside the legal profession.

]]> By: Kevin Thompson http://www.nextgenerationlaw.com/ponzi-schemes-and-social-security/comment-page-1/#comment-781 Kevin Thompson Mon, 05 Jan 2009 16:26:56 +0000 http://www.nextgenerationlaw.com/?p=299#comment-781 Tex, don't hate the player, hate the game. It's not just lawyers that have hurt democracy. As long as there will be politicians, there will be lobbyists paying for legislation. That's the cancer. As voters, we need to remove the incentives for congress to pander to lobbyists. So what am I going to do about it? I'm going to write about it, maybe get more active in state government. I don't know, what do you think? Tex, don’t hate the player, hate the game. It’s not just lawyers that have hurt democracy. As long as there will be politicians, there will be lobbyists paying for legislation. That’s the cancer. As voters, we need to remove the incentives for congress to pander to lobbyists. So what am I going to do about it? I’m going to write about it, maybe get more active in state government. I don’t know, what do you think?

]]> By: Tex http://www.nextgenerationlaw.com/ponzi-schemes-and-social-security/comment-page-1/#comment-780 Tex Mon, 05 Jan 2009 14:58:37 +0000 http://www.nextgenerationlaw.com/?p=299#comment-780 Kevin, I honestly believe the people in your profession (legal) have done a great disservice to this country, by monopolizing and making Congress their career. What are YOU going to do about it? I am in favor of term limits, which I believe would largely solve the above and other issues (such as lobbyist power, complex side deals among individuals and political parties, too much power in too few hands, etc.). If these were people in my profession, I would speak up load and clear. Tim, You can't take your money out of the Social Security Ponzi scheme, by law your employer is required to take a percentage out of your paycheck. I don't understand your age 62 to 70 or other comments, please explain. Kevin,

I honestly believe the people in your profession (legal) have done a great disservice to this country, by monopolizing and making Congress their career. What are YOU going to do about it? I am in favor of term limits, which I believe would largely solve the above and other issues (such as lobbyist power, complex side deals among individuals and political parties, too much power in too few hands, etc.). If these were people in my profession, I would speak up load and clear.

Tim,

You can’t take your money out of the Social Security Ponzi scheme, by law your employer is required to take a percentage out of your paycheck.

I don’t understand your age 62 to 70 or other comments, please explain.

]]> By: TimFerris http://www.nextgenerationlaw.com/ponzi-schemes-and-social-security/comment-page-1/#comment-779 TimFerris Mon, 05 Jan 2009 04:00:40 +0000 http://www.nextgenerationlaw.com/?p=299#comment-779 It seems to me it would be wise to begin to take money out of a Ponzi scheme as soon as possible, and as quickly as possible. At age 62 and onward to age 70, working people as well as retired people might do well to take their money back and look for ways to suppress current income. Waiting may get more dollars, but they might also be worth a lot less, or the Ponzi scheme may have collapsed. It seems to me it would be wise to begin to take money out of a Ponzi scheme as soon as possible, and as quickly as possible. At age 62 and onward to age 70, working people as well as retired people might do well to take their money back and look for ways to suppress current income. Waiting may get more dollars, but they might also be worth a lot less, or the Ponzi scheme may have collapsed.

]]> By: Kevin Thompson http://www.nextgenerationlaw.com/ponzi-schemes-and-social-security/comment-page-1/#comment-778 Kevin Thompson Mon, 05 Jan 2009 03:04:10 +0000 http://www.nextgenerationlaw.com/?p=299#comment-778 Tex, good point. During my third year in law school, I wrote an article for the law review about the importance of privatizing social security. It was never published ...go figure. Since older people vote, it's hard to mess with social security. People in Congress are so open minded sometimes, their brains fall out. It's important to be pragmatic at times, but not at the expense of your principles. Tex, good point. During my third year in law school, I wrote an article for the law review about the importance of privatizing social security. It was never published …go figure. Since older people vote, it’s hard to mess with social security. People in Congress are so open minded sometimes, their brains fall out. It’s important to be pragmatic at times, but not at the expense of your principles.

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