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You're right, I am probably being to literal in my definition of a ponzi scheme. I definitely agree that Social Security is going to go through growing pains a
by jojopotato 16y ago
You're right, I am probably being to literal in my definition of a ponzi scheme.
I definitely agree that Social Security is going to go through growing pains as the population demographics change and benefits won't be the exact same as the previous generation, but I feel like people use the term "ponzi scheme" to smear the whole idea of Social Security rather than articulating why we shouldn't have it.
- ataggart 16y agoGiven that the structure of Social Security does conform to a ponzi scheme, it's a smear only insofar as ponzi schemes are "bad".