Ponzi schemes do not maintain sufficient assets
to make the money to pay back the investors.
What assets does S.S. actually have? Treasury Notes?
issued by an entity which chronically (for decades)
overspends its income.
And then, with 'quantitative easing' treasury notes
yields are so low . . . that S.S. 'assets' are actually
losing value. (Inflation.) While cost of living
raises and new retirees payouts increase what S.S. must pay out.
It ought to frighten most sane people.
(Although, with all your IRA and 401K money you
probably do not need S.S. . . . so maybe you should
just tell the government to keep your money and maybe
that'll help keep S.S. solvent a little longer.)
"Ponzi schemes work by taking dollars from current investors . . . to pay off previous investors. If enough new investors do not pony up the dollars, the scam collapses."
Which is exactly how every single insurance company in the world works today and has always worked. Exactly where do you think they get the money when they have to pay off on their policies? For example, where do you think these companies got the money to pay off the policies for the people who happened to die the during the first year that the company was open for business? Or do you think that they are not going to pay out a single dime until they've accumulated enough money in the bank to pay off every single outstanding policy?
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