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Do you believe that Social Security is a Ponzi scheme?


Social Security was founded in order to give Americans assurances that they would have money when they retired. The idea was good on paper as a growing population would always ensure that the number of people paying into the system would be more than those taking from the system. It would have worked if the government did not start taking from the fund and the number of those paying into the system has halved in the last twenty years. So what is your take on Social Security? is it a ponzi scheme or isn't it?

 

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