[nufsed]

It’s not a ponzi scheme to grandfather people in and adjust the benefit to fit the income. It’e merely welfare and taking care of the current need. In fact, the second action would be counter to a ponzi scheme.

[Michael.SF.]

My post #73 (and the article it is taken from) exactly describes a Ponzi scheme (and how SS parallels such schemes): Paying off early investors to encourage future investors to buy into the program.

I really do not understand your refusal to not see this. I have also referenced you to other articles and a book.

You need to do some research on the subject.