pull down to refresh
Pretty much. They pretend to put what you pay in into a trust fund and then pay you out with that, but it's just an accounting fiction.
reply
pull down to refresh
Pretty much. They pretend to put what you pay in into a trust fund and then pay you out with that, but it's just an accounting fiction.
Isn't social security a pyramid scheme by definition? Bring in new money to pay the old money obligations.