4 ms·

Are there other parts of the 'plan' that make it different?

• tdb7893 9y ago
  To me the fact that the intent of it is entirely different (it's not an investment fund, it's a social welfare program and those two things are pretty dissimilar), it's transparent, and it's underwritten by taxes makes it a very very different beast overall.
  • manjushri 9y ago
    Is the end result not the same? The later investors lose their investment while the early ones reaped the benefits.
    • tdb7893 9y ago
      The inflow and outflow of money is pretty predictable. I don't get why it's certain that "later investors" lose their money with social security. It's more of a tax than an investment so it can really only fail if the government mismanages it but that's true of any welfare program