Comment on Elon Musk Calls Social Security 'The Biggest Ponzi Scheme Of All Time'

• protist@mander.xyz ⁨4⁩ ⁨weeks⁩ ago

  That’s what I expected from you too. This claim is not based in observations of the real world, so you can’t explain it

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  • realcaseyrollins@thelemmy.club ⁨4⁩ ⁨weeks⁩ ago

    Sure buddy

    This is what I get for trying to talk about politics on Lemmy comment sections (again!), I really need to stop feeding the trolls man

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    • protist@mander.xyz ⁨4⁩ ⁨weeks⁩ ago

      This is a serious question: How how do you think Social Security is a Ponzi scheme?

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      • realcaseyrollins@thelemmy.club ⁨4⁩ ⁨weeks⁩ ago

        Primary characteristics of a Ponzi scheme are that they are a system in which people place their money, and as more people place their money into the system, the value of that investment is supposed to provide a reasonable return. So long as more people are entering the system than leaving by cashing out, all is well, but once you have fewer people enrolling into the system, it will start to collapse (like Social Security seems to be in danger of doing). The major difference between Social Security and most Ponzi schemes is that I don’t think it promises massive returns on investment like most Ponzi schemes do, but it otherwise functions pretty similarly.

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