a dishonest and usually illegal business in which many people are persuaded to invest their money and the money of later investors is used to pay the people who invested first —called also (US) Ponzi scheme
Social Security is a fradulent ponzi scheme that has robbed me of $369,568.39 in cash that could have provided a better life for my family since 1972 up until 2009. Since then I have been forced to make other generous “contributions” to the “fund” since I am both employer and employee. Invested on my own at a mere 6% simple interest compounded annually, my “contributions” could have provided a present value of $838,009.43. There is nothing in my account but a worthless IOU at this time.
I have at least paid in part for my parent’s benefits but also a whole lot of people I don’t know or even care about. Many of whom I would not walk across the street Pee on if they were on fire.
Is Vanity really serious to ask about SS?