3 ms·He called Social Security a Ponzi scheme, not 401(k)s.by rlt 4mo agoHe called Social Security a Ponzi scheme, not 401(k)s.mandeepj 4mo agoBoth are your retirement funds! So…you call one, you call the other one as well.mgh95 4mo agoNot really. Social security is a defined benefit plan that requires new payors to fund todays expenses. 401ks are a defined contribution plan. Very different.rlt 4mo agoThat logic doesn’t hold. A and B are X, A is Y, therefore B is Y? Nope.