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Back when the demographics worked, Paul Samuelson said that Social Security was a ponzi scheme. Yup, Samuelson with a Nobel prize in Econ. However, there are
by anamax 15y ago
Back when the demographics worked, Paul Samuelson said that Social Security was a ponzi scheme. Yup, Samuelson with a Nobel prize in Econ.
However, there are a couple of differences. Ponzi schemes are voluntary and you only lose the money you put in. Neither is true of SS.