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41 sats \ 1 reply \ @dough 8h \ on: Gen X and Retirement Benefits: Uncertainty Abounds econ
Isn't social security a pyramid scheme by definition? Bring in new money to pay the old money obligations.
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0 sats \ 0 replies \ @Undisciplined OP 7h
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.
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