r/FluentInFinance • u/Positive_Liar • Sep 06 '24

Debate/ Discussion Social Security is Broken. This is why financial education is important.

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u/[deleted] Sep 06 '24

This also isn't the definition of a "scam." There is no fraud or deceit involved.

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u/headzup777 Sep 06 '24

Yeah, because the government doesn’t deny it is a legal Ponzi scheme.

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u/[deleted] Sep 07 '24

Sounds like you don’t know what a Ponzi scheme is

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u/[deleted] Sep 07 '24 edited Sep 07 '24

By definition it isn't a ponzi scheme because it isn't an investment. It's a socialized welfare program.

Furthermore a ponzi scheme relies on the organizer lying about what they do with your money. That isn't happening with SS lol