FA_Q2
Gold Member
Sorry. It's not a Ponzi Scheme either.
But it's not a Ponzi scheme. And Ponzi himself, who died in a hospital charity ward with only enough money for his burial, would never have recognized it as his own.
Why Social Security is not a Ponzi scheme - Jan. 7, 2009
Your link essentially sates that SS is not a ponzi scheme because the government told the people the system and did not conceal it so it is not a ponzi scheme even though it does the exact same thing. Ya, that's real reassuring....