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Why do some people defend the system so vehemently? It's a funds-in, funds-out scheme. New 'investors' are required to pay out old 'investors'.

I agree that 'fraudulent' is inflammatory but to pretend SS is some type of insurance or pension fund is just gilding the lily.

I think everyone would be better off if everyone was just honest about what Social Security is, and what it will be if the contribution/payout ratios start to skew badly. It's belief in financial impossibilities that get people into problems.




> Why defend the system so vehemently He wasn't. He was stating specifically how it worked.

>I think everyone would be better off if everyone was just honest about what Social Security is Calling it a ponzi scheme doesn't accomplish this goal.


You're right - I'm fixing the wording on my comment. I was associating the wrong comment with my reply.




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