Re: Understanding the Social Security scam
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What is the scam you talk about? I don't know of anyone who has not received a social security check that they were entitled to. Your definition of scam must be different from the one I am used to.
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Is a pyramid scheme a scam before it collapses?
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Good question - I would say yes. I would also argue that social security is not a pyramid scheme in reality. Funding does come from the broader base to support the top layer. But, if the base shrinks they will either increase the tax, lessen the benefits, or change the age of retirement. Either way, people will still get their checks.
Many budgets and pension plans are similar to pyramids schemes. They rely on a certain amount of money coming in to pay the money going out. That doesn't make them scams.
By-the-way Capitalism is basically a pyramid scheme. Usually, Capitalism, in order to be a healthy, viable system has to sustain constant growth.
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