A Quote by Dennis Prager

The welfare state may be well-intentioned, but it is a Ponzi scheme

Dennis Prager

Quote Topics

May Ponzi Scheme Scheme State Welfare Welfare State Well Well-Intentioned

Quote Author

Dennis Prager
American - Journalist
Born: August 2, 1948

No Ponzi schemer tells anyone exactly how it works. The purpose of a Ponzi scheme is to trick people, to take the money and run.

Mitchell Zuckoff

The mid-day meal is a well-intentioned scheme and has to be implemented effectively.

Pallam Raju

The welfare state is predicate don collecting money from today's workers in order to pay for those who paid in before them. But today's workers don't have enough money to sustain the scheme, and there are too few of them to do so. As a result, virtually every welfare state in Europe, and many American states, like California are going broke.

Dennis Prager

Capitalism is not a Ponzi scheme. Capitalism is a scheme of free markets.

John C. Bogle

The whole government is a Ponzi scheme.

Bernard Madoff

Madoff Securities is the world's largest Ponzi scheme.

Harry Markopolos

Washington treats Social Security like a Ponzi scheme.

Ron Johnson

Social security isn’t a ponzi scheme. It’s not bankrupting us. It’s not an outrage. It is working.

Rachel Maddow

The State, of course, is absolutely indispensable to the preservation of law and order, and the promotion of peace and social cooperation. What is unnecessary and evil, what abridges the liberty and threatens the true welfare of the individual, is the State that has usurped excessive powers and grown beyond its legitimate function - the super-State, the socialist State, the redistributive State, in brief, the ironically misnamed 'Welfare State.'

Henry Hazlitt

There are no adequate substitutes for father, mother, and children bound together in a loving commitment to nurture and protect. No government, no matter how well-intentioned, can take the place of the family in the scheme of things.

Gerald R. Ford

General welfare is a general condition - maybe sound currency is general welfare, maybe markets, maybe judicial system, maybe a national defense, but this is specific welfare. This justifies the whole welfare state - the military industrial complex, the welfare to foreigners, the welfare state that imprisons our people and impoverishes our people and gives us our recession.

Ron Paul

All of which is mostly bullshit. The reality is that it's just like any other Ponzi scheme: the guys at the top are doing pretty well, but the guys on the bottom are doing Amway pitches in trailer parks.

Tod Goldberg

The financial system as a whole has had the characteristics of a Ponzi scheme if we look at it fundamentally.

Tim Lee

In a Ponzi scheme, a promoter pays back his initial investors with money he has raised from new investors. Eventually, the promoter can no longer find enough new investors to pay off the people who have already put up money, and the scheme collapses.

Alex Berenson

The federal government has made explicit and implicit promises to millions of people, but has put no money aside in order to keep those promises. Some of you may wonder where Bernie Madoff got the idea for his Ponzi scheme. Clearly he was studying federal entitlement policy.