Jim Cramer: Social Security a Bigger Ponzi Scheme than Bernard Madoff's scam »
Posted By MyWayOnNow 11 months, 1 week ago in Business & Finance“In a Ponzi scheme, investors get the returns from the money paid in by subsequent investors and eventually the whole thing falls apart. The last people to invest get hosed. In Social Security, a program I love, workers pay for the benefits of current retirees and hope someday future workers will pay for their benefits – it’s all a Ponzi scheme.”
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