It’s not a pyramid scheme because the
Population of people in the “scheme” is relatively fixed (grows roughly with the population with some age related faster / slower shifts…. Or the boomers hitting retirement) and you don’t need to continually recruit more and more people to support the pyramid like you do with an actual pyramid scheme which eventually collapses due to the exponential math required to keep it going. People are constantly entering the "scheme" (HS and college grads) and dying off. The changing demographics present some challenges, but even with the projected 2 workers for every 1 retiree when the boomers hit peak retirement, SS is still funded at 85% we just need some tweaks as I outlined in my post elsewhere in this thread.
Is clearly a defined deferred payment scheme, but it’s not a pyramid scheme.
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In response to this post by tchoo)
Posted: 02/08/2023 at 4:08PM