"Social Security is like a Ponzi..."
No it's not. Please educate yourself (and Elon, while you're at it).
Social Security is an EQUILIBRIUM EQUATION. We know because it was operating at a surplus once Reagan changed the percentages.
We also knew it was going to go underwater right around 2012, no matter who was President. In fact, we saw it coming FIFTY YEARS in advance: it's called the Baby Boomer retirement.
And right now, if we added 1 point to the employer's side, and 1 point to the worker's side...the Social Security equation would be in balance for 75 years, which is what actuaries refer to as perpetuity.
Meanwhile, Ponzi schemes are always opaque, their formulas are always "trade secrets", and there is no way to bring a Ponzi scheme into balance. Social Security is NONE OF THOSE THINGS.
"Social Security is like a Ponzi..."
No it's not. Please educate yourself (and Elon, while you're at it).
Social Security is an EQUILIBRIUM EQUATION. We know because it was operating at a surplus once Reagan changed the percentages.
We also knew it was going to go underwater right around 2012, no matter who was President. In fact, we saw it coming FIFTY YEARS in advance: it's called the Baby Boomer retirement.
And right now, if we added 1 point to the employer's side, and 1 point to the worker's side...the Social Security equation would be in balance for 75 years, which is what actuaries refer to as perpetuity.
Meanwhile, Ponzi schemes are always opaque, their formulas are always "trade secrets", and there is no way to bring a Ponzi scheme into balance. Social Security is NONE OF THOSE THINGS.