4 ms·
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 dissimila
by 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 agoIs the end result not the same? The later investors lose their investment while the early ones reaped the benefits.
- tdb7893 9y agoThe 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