Social Security as a Ponzi Scheme

by Pejman Yousefzadeh on September 10, 2011

There is a great deal more agreement across ideological camps that Social Security has distinctly Ponziesque aspects than Social Security’s proponents are willing to admit. And that consensus is justified.

  • yclipse

    The essence of a Ponzi scheme is that it tries to pretend it is something else. No one has had any misunderstanding about how Social Security works. 

  • Anonymous

    Ponzi or no Ponzi, it’s financially untenable. Make that the issue.

Previous post:

Next post: