Social Security is a Ponzi scheme.

[baldguy]

Just like working for a living is prostitution.

Just like being poor is a sin.

Just like homosexuals are demons.

Just like brown-skinned people are less-than-human.

[LiberalFighter]

1. Isn't wall street a Ponzi Scheme?

[baldguy]

3. Wall St is more like a shell game, or Three-Card Monte.

Or a Pyramid scheme

[tblue]

2. Just like Ronald Reagan is God.

[Modern_Matthew]

4. One of those statements I feel is true...

I whore myself out to major retail every day.

[Kablooie]

5. In Japan they'd call it a Ponzu scheme.

Saucy.

[golfguru]

6. No Ponzi scheme!

The way I understand it, in a Ponzi scheme early investors are paid
more than the system can sustain for the latter investors. If current
social security system without modifications will be around to pay benefits
to 20 to 35 year olds paying into it now, then it is not a Ponzi scheme.

[boppers]

8. It is currently calculated to pay *less* to future participants than to past ones.

Amusing piece of history:
http://en.wikipedia.org/wiki/Ida_May_Fuller

If your benchmark is "without modifications will be around to pay benefits", all scenarios indicate that without changes, it can do that in perpetuity..... as long as the amounts of benefits are cut on a regular basis whenever the working population, or their overall income, contracts. Which kind of sucks.

[rhett o rick]

7. Shoot, I thought you said Fonzi scheme. nm