Progressive Politics

2013 readers

792 users here now

Welcome to Progressive Politics! A place for news updates and political discussion from a left perspective. Conservatives and centrists are welcome just try and keep it civil :)

(Sidebar still a work in progress post recommendations if you have them such as reading lists)

founded 2 years ago

MODERATORS

[email protected]

169

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

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

26 comments fedilink hide all child comments

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.

you are viewing a single comment's thread
view the rest of the comments

[–] [email protected] 1 points 13 hours ago (1 children)

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

[–] [email protected] 1 points 3 hours ago

It's an "investment" the same way insurance is an investment. We "invest" in social stability. Lots of people never make it to retirement age, for them SS is likely a net loss.

But as a society we like the idea that the elderly don't go homeless if they don't have means of their own. We like that people who lose their jobs don't lose their daily bread. That's why we have social security. And we accept that in some cases we're the ones that end up paying a bit more than we're getting.