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How is social security not a ponzi scheme? The returns generated depend on finding new investors in the scheme, if current investors pull out the scheme cannot
by fleitz 12y ago
How is social security not a ponzi scheme?
The returns generated depend on finding new investors in the scheme, if current investors pull out the scheme cannot return promised benefits to current investors.
This is pretty much the precise definition of a ponzi scheme and why the scheme faces certain bankruptcy with out a significant rise in births.
- forgotpasswd3x 12y ago> This is pretty much the precise definition of a ponzi scheme and why the scheme faces certain bankruptcy with out a significant rise in births. Or we could just remove the cap for social security tax.
- deleted 12y ago[deleted]