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Calling social security a ponzi scheme while thinking your 401k isn't a ponzi scheme is completely backwards. Your 401k depends way more on people continuing t
by eatsyourtacos 5y ago
Calling social security a ponzi scheme while thinking your 401k isn't a ponzi scheme is completely backwards.
Your 401k depends way more on people continuing to inflate it upwards. And you have ZERO guarantee, anything can happen.
At least social security is a government backed program, and they can ALWAYS find more money. Maybe it's the best solution at the time, but they can. They can raise taxes, borrow, simply print more money. And don't nitpick these points, because yes I understand there are issues and it's more complicated.. but they can do it.