It’s worse than a Ponzi scheme. SS is not only a Ponzi scheme, but is a Ponzi scheme where you are forced to “invest” under threat of prison. At least, the other Ponzi schemes leave you the freedom to invest or not.
The employer pays part of your SS, and you pay the other part, and you don’t have a choice. At the time you turn 65 and if you start drawing SS, then you are required to “buy” into medicare insurance, $99.00 a month ($1200.00 yr).....we don’t have the option to invest my $300.00 a month that I pay in SS into another form of retirement....I have rely on 401k or anuities.