4 ms·
By that logic, any insurance would be a pyramid scheme.
by ctbarna 17y ago
By that logic, any insurance would be a pyramid scheme.
- gnaritas 17y agoAs would be any interest bearing account.
- biohacker42 17y agoThe differences between social security and savings accounts and a ponzi scheme are: Truth - we all know how social security works and what bank runs are. Rate of return - low interest on savings accounts and not much from social security. Ponzi schemes tend to promise well above average returns and almost never explain how those returns are generated. That was certainly the case here, the returns were phenomenal and thought to be from brilliant trading strategies.
- jswinghammer 17y agoI buy insurance knowing that I probably won't need it and hope I won't need it.
- tfinniga 17y agoRight, insurance isn't a scam. You buy it hoping that you'll have lost money on it. And for most people, that's the case.