By this same standard an insurance company is a ponzi scheme. It relies on people paying in larger and larger amounts to pay out larger and larger amounts. It does not mean SS is not needed. Just that funding for it needs to be better planned.
You know what else is a ponzi scheme? Walmart. They rely on more and more people to buy their goods in order to make money. That means at the bottom of the pyramid, they need an ever growing amount to fuel growth at the top of the pyramid. Gosh you're an idiot, acting like this is breaking news.
Am I forced to send 15% of my earnnings to walmart? nswer - No! STFU moron.
Yawn - more nonsense from you. did you listen to the clip? The Trustee admitted its a scam.
When they force out all the competition you are But it's the same premise. So please learn something before rattling off bullsh*t ponzi, maddoff, obama nonsense.