social security was supposed to be old age insurance. In reality, it has been functioning like a ponzi/pyramid scheme since the inception of the program ... which is illegal ... except for the social security program.
Pon·zi scheme ( P ) Pronunciation Key (pnz)
n.
An investment swindle in which high profits are promised from fictitious sources and early investors are paid off with funds raised from later ones.
Ponzi scheme = social security system.!
Most of us have been describing it that way since we passed puberty.
social security was supposed to be old age insurance.
No, that's the lie they told to nationalize private retirement programs. Old commie FDR and cronies never actually believed their own lies.
Calling Social Security a Ponzi scheme is actually unfair to Charles Ponzi. Sure he ran a scam, but he never forced anyone to participate at gunpoint.