Comment

If the maximum amount going in is exactly what people would expect to withdraw, then it cannot possibly ever pay for itself. It’s a ponze scheme, and is designed to eventually fail, leaving working class people holding the bag.

source

Sort:hotnew top

Railcar8095@lemmy.world ⁨1⁩ ⁨week⁩ ago
That’s the spirit of discussion I think we need to have. Even if you are mistaken about what a ponzi scheme is, now we know why you think certain way

source
- SippyCup@lemmy.world ⁨1⁩ ⁨week⁩ ago
  A ponze scheme is a scheme in which investors are paid only by recruiting new investors.
  
  That’s literally how social security works.
  
  source
  - Railcar8095@lemmy.world ⁨1⁩ ⁨week⁩ ago
    Ponzi.
    
    Get at least the name right of you want to have some credibility. Then get the definition and details right, but that’s too much.
    
    source