THE ORIGINAL PONZI SCHEME: SOCIAL SECURITY
Democrats are coming down on Elon Musk for calling Social Security a Ponzi Scheme. Guess what, IT IS!!!
"A Ponzi scheme is an investment fraud that pays existing investors with funds collected from new investors. Ponzi schemes are named after Charles Ponzi. In the 1920s, Ponzi promised investors a 50% return within a few months for what he claimed was an investment in international mail coupons."
When Social Security was created the average person started working at 18-20. Sometimes the average worker started at 16. The age to receive benefits was 62 to 65. When Social Security was created the life expectancy was circa 75 years or so. Today people are living on average 20 years beyond that now. Gene Hackman was 95 and would still be alive if the pacemaker hadn't have failed. If you pay into something for 40 years and the Government tells you we only expect you to receive benefits for 15 or so years it's a PONZI SCHEME. They knew that from Inception of the program. However, it’s has become CRACK for the Democrats to push for votes.
Bernie Maddoff went to Prison for doing what the Federal Government is doing with Social Security.
There are not enough people paying 'IN' to sustain the current situation.
#SocialSecurity #Musk #ElonMusk #DOGE