Re:The Paradise Papers: How Ridiculously Easy It Is for the ...
by ythn on Friday November 17, 2017 @04:10PM
(#15725980)
Social security isn't a Ponzi scheme because enough people die before getting the benefits that it covers those that do. For example smokers will never see a cent of the social security they pay because they will die first.
[ Parent
| on HN ]
Re:The Paradise Papers: How Ridiculously Easy It Is for the ...
by snappyTertle on Tuesday November 28, 2017 @09:02AM
(#15797317)
The definition of a Ponzi scheme is paying off existing investors with money contributed by new investors. If it's a successful Ponzi scheme due to people dying, then that's a different argument. A Ponzi scheme is a ponzi scheme whether it's a success or failure.