Enough with the straw man. The article's thesis absolutely does not hang on this interpretation, which only appears deep into the summary. Briefly, in contrast

Enough with the straw man. The article's thesis absolutely does not hang on this interpretation, which only appears deep into the summary. Briefly, in contrast with a Ponzi scheme promising unsustainable returns on investment: -There are no promises of huge returns -The inner workings of the program are public knowledge -There is no fundamental demographic or mathematical reason the system (a pretty straight-ahead social insurance program involving a certain amount of wealth transfer) should ever become insolvent, assuming the political will exists to keep it running.