Social Security isn’t a savings or investment program. | Hacker News

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		gnz11 5 months ago \| parent \| context \| favorite \| on: There Is a Significant Need for Retirement Savings... Social Security isn’t a savings or investment program.

from-nibly 5 months ago | [–]

It's a Rosevelte scheme. (Some people incorrectly call it a Ponzi scheme)

grandempire 5 months ago | [–]

Indeed. It’s some god awful combination of welfare, savings, and insurance. It needs clarification.

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