Tuesday, May 24, 2011

Re: Social Security vs Pensions

On May 20, 8:16 pm, frankg <fran...@gmail.com> wrote:
> Like I said, contorted and tortured logic. Can you name me ONE
> insurance YOU pay into where you KNOW you CAN'T ever make a claim or
> receive a benefit from?  

I never said they couldn't collect on a claim... they first have to
meet the requirements of proof they need it.

> You don't buy car insurance if you don't drive.
> You don't buy homeowner insurance if you don't own a home.

You don't pay into SS if you don't work either.

> You buy insurance to ensure that, should a certain condition occur, you
> can receive compensation for it.

Exactly.
Thanks for making my point, and glad your seeing it my way.

> Under your system the conditions
> under which one would receive compensation from this 'insurance' can
> not exist if that individual is wealthy.

Because they have no basis to make a claim.

> What it is, once you take off
> the blue glasses, is redistribution of wealth poorly disguised as
> 'insurance'.

It has nothing to do with redistribution, that's the nature of
insurance whether private or otherwise.

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