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You pretty much ignored everything he said and meant. Congratulations.

• Gibbon1 8y ago
  Not really; a ponzi scheme has a very specific definition. A form of fraud in which belief in the success of a nonexistent enterprise is fostered by the payment of quick returns to the first investors from money invested by later investors. Social Security isn't a ponzi scheme for a number of reasons, first it's not a security. Second there is no nonexistent enterprise. Instead it's structure is entirely that of an government mandated insurance program.
  • deleted 8y ago
    [deleted]