viva

Social Security: A Ponzi Scheme?

The system supports the retirement payments of one retiree by taxing five workers currently.

With one American babyboomer turning age 60 every 8 seconds it will move the tax-distribution ratio to 1:1 within 20 years.

That's one retiree supported by one worker.

The current generation of workers will never get their contributions back in total.

And that's not Ponzi?