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A ponzi scheme is an illegal act of fraud whereas a Social Security type pension is something society has agreed upon. Not surprised you're using a throw-away
by wavefunction 9y ago
A ponzi scheme is an illegal act of fraud whereas a Social Security type pension is something society has agreed upon.
Not surprised you're using a throw-away username and I'm going to downvote it accordingly.
- delecti 9y agoCurrently the only criticism you've made of the comparison is the name and amount of social acceptance. > A Ponzi scheme is a fraudulent investment operation where the operator generates returns for older investors through revenue paid by new investors It's not a 100% perfect match, but there are certainly enough similarities between how Social Security systems work and the basics of a Ponzi scheme that you'll have to make an actual criticism of the comparison if you want to argue how they're not the same.