Of course SS is a Ponzi scheme.
You think your SS check is from money YOU made? Nope that money is long gone to those went before. You're getting paid by today's young working folks.
Definitely a pyramid/Ponzi scheme. If the generation didn't pay up, YOU'D not get your SS check.
A Ponzi scheme is entered into voluntarily. SS is not entered into voluntarily, rather at the barrell of a gun.
“ Definitely a pyramid/Ponzi scheme. If the generation didn’t pay up, YOU’D not get your SS check.”
That’s also true of government bonds in your IRA, and any government program including defense delartment salaries and pensions for soldiers. If new tax money doesn’t keep flowing in, the checks will bounce. Social Security is no different