Jarlaxle
Gold Member
No, stupid statement. I know exactly how a Ponzi scheme works...which is why I know Social Security is not distinguishable from one.Seems you have no knowledge of what a Ponzi Scheme is or how Social Security works.Social Security is a Ponzi scheme the likes Bernie Madoff could only dream of.Social Security is one of the great social programs of this countryWorld War II saved the US from the Depression.
Demographic also played a large role in ending the depression. As for FDR- he instituted social security and it has become an under funded albatross and lured (unsophisticated) people into thinking the Government will take care of them in retirement.
Prior to SS, the elderly were on their own and at the mercy of the economy
If I had HALF what was taken from me for that bottomless pit, I'd be set for retirement before 55.