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'Because a man who hypes Social Security "as a ponzi scheme" ' The only thing that differentiates Social Security from a typical Ponzi scheme is that a typical
by readthenotes1 2y ago
'Because a man who hypes Social Security "as a ponzi scheme" '
The only thing that differentiates Social Security from a typical Ponzi scheme is that a typical Ponzi scheme is now illegal.
Neither Boomers, Gen x, nor gen y, are paying enough contributions to meet their demands and are instead relying on contributions from future donors.
That is indistinguishable from what Ponzi did.
- multjoy 2y agoApart from the fact that Ponzi was a fraud, while there is no pretence that Social Security schemes actually pay their way - the deductions you pay are better off being represented as a membership fee for the scheme.