Toro
Diamond Member
- Sep 29, 2005
- 109,478
- 50,075
Nope.That's not how the system works, except for the dying young part. If you die even a day before they cut you the first check, the money goes to others, which might include your survivors. And it was never really your money in the first place. It's Pay as you Go, it's not a savings account.
In other words: a Ponzi scheme.
Correct.
SS had problems but it isn't a Ponzi Scheme. It's a call on future tax receipts as is a regular government Treasury bond.