Social security is a Ponzi scheme

The problem with this analogy is that government is not the private sector.

It's not social media. It's social money. We have the tools you need to turn your followers into your business. #freelance #gig #business #workfromhome

So who’s trying to take the old people’s social security now?

Instead of paying for retirees to go to resorts through my social security taxes, had my money gone to a broad index fund, I could have retired by now. #Ponzi #FridayVibes #FridayMotivation

Fact: You pay in your entire life; both you and Spouse. If one dies prior age 65; the spouse can choose one. If both parish, then 💰 remains with a system that is accumulating interest. This is 15 to 20% of Americans.

Yeah, Social Security was not designed very well. I personally believe that Singapore has a better system for taking care of its elderly.

Needs to be redone

It really does need to be redone

Funny thing is the US does all three things. Tax, print money out of thin air (inflationary, which is a tax) and borrow it from SS. The amount of fraud and outright theft of all 3️⃣ things is depicted here:

The modern day government is a ponzi scheme

So is fractional reserve banking.