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> A Ponzi scheme pays profits to earlier investors with funds from more recent investors. You just described how Social Security in the USA is funded. Its bill
by jkepler 4y ago
> A Ponzi scheme pays profits to earlier investors with funds from more recent investors.
You just described how Social Security in the USA is funded. Its billed as government-run social insurance, but funded as a ponzi.
- ben_w 4y ago1. "Profits" is a relevant keyword there. 2. If Social Security were to fail, the US government would be free to decide between canning it (or reducing it) or funding it from more taxes (or delaying retirement age, which is kinda both); in none of these cases is this itself going to threaten the USA economy or the USD currency.
- deleted 4y ago[deleted]