Hello, Suckers! Happy Birthday to the Ponzi Generation - Big Journalism

Socialism, in the final analysis, is nothing more than a cruel pyramid scheme. Whether Healthcare or Social Security or other entitlement scheme, the original players (e.g. retirees in Social Security) receive the promised windfall of government largesse. How? Because succeeding generations of “players” (i.e. taxpayers) pay for it. Yet, as England’s former Prime Minister Margaret Thatcher explained: “Socialist governments…always run out of other people’s money.”

The liberals’ latest Grow-the-Government Ponzi scheme, like all others, is necessarily predicated on each succeeding generation being numerically larger – the expanding base of the pyramid – to pay the largesse of those in the higher levels. And ironically that is where socialist theory crashes headlong into reality.