A Ponzi scheme is a fraudulent investment operation where the operator, an individual or organization, pays returns to its investors from new capital paid to the operators by new investors, rather than from profit earned by the operator. Operators of Ponzi schemes usually entice new investors by offering higher returns than other investments, in the form of short-term returns that are either abnormally high or unusually consistent.Here are the 10,535 pages of ObamaCare condensed to 4 sentences...
As humorous as this may sound.....every last word of it is absolutely TRUE!
1. In order to insure the uninsured, we first have to uninsure the insured.
2. Next, we require the newly uninsured to be re-insured.
3. To re-insure the newly uninsured, they are required to pay extra charges to be re-insured.
4. The extra charges are required so that the original insured, who became uninsured, and then became re-insured, can pay enough extra so that the original uninsured can be insured, which will be free of charge to them.
This, ladies and gentlemen, is called "redistribution of wealth" ...
or, by its more common name......... SOCIALISM.
From Tom Vaughn
Ponzi schemes occasionally begin as legitimate businesses, until the business fails to achieve the returns expected. The business becomes a Ponzi scheme if it then continues under fraudulent terms. Whatever the initial situation, the perpetuation of the high returns requires an ever-increasing flow of money from new investors to sustain the scheme
It sure sounds like ObamaCare is a variation on this theme!
Jonathan Gruber, who got $400K as an Obamacare architect...