—it is worse than a “Ponzi” scheme because it is collected at the point of the government gun—Ponzi schemes are voluntary scams, invested in by fools-—
Of course, it's a forced (at the point of a gub'mint gun) "Ponzi" scheme.
The only thinn that sends some of our "elderly citizens" go round the bend when hearing such terms is that they know they were taken, the others getting a check who either paid in nothing or very, very little. Those who paid in lots more than they will ever get back, know it and they hate to admit, after the fact, that had they put in the same amount on their own in almost anything, including whole life policies, they'd have much more and something to give away to family or charity, etc. after they are gone, unlike the SS Ponzi Scheme!