Of course Social Security is a Ponzi scheme

Published



I have a great plan for “saving” Social Security. Today’s average U.S. life expectancy is 78 years. Let’s make the retirement age to collect Social Security 79. Presto. The “system” is saved (or until life expectancy increases, at which point we can raise the retirement age again).

Pretty dumb? Sure. But if the goal is “saving” the system, nothing would work better.

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