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No, Elon Musk, Social Security Isn’t a “Ponzi Scheme” (inthesetimes.com)

submitted 1 day ago by [email protected] to c/[email protected]

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Right-wing billionaires have long wanted to shred the safety net. Under Trump, they’re using lies and fears over the deficit to debilitate Social Security.

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[–] [email protected] 2 points 1 day ago (1 children)

Social Security is an investment in the health of our society, it's not a financial instrument. You can't pool risk and get predictable returns without cutting corners & dropping high-risk members (hello health insurance industry).

It's not a Ponzi Scheme by definition.

[–] [email protected] 1 points 7 hours ago

Social Security is an investment

A financial investment?

It's not a Ponzi Scheme by definition.

So you're saying "they" don't define it as a ponzi scheme, so it can't be one?

Gee that's great