Ah, but it's not the same. It is not a ponzi scheme. It doesn't fit the definition. That's the point I'm making and it's irresponsible for a guy running for POTUS to use that term when it doesn't apply.
Not to be dense here but which side are you arguing LSUDad? You quoted me as if you were going to refute my post but then used a definition that clearly doesn't fit SS.
Quote: A Ponzi scheme is a fraudulent investment operation that pays returns to its investors from their own money or the money paid by subsequent investors, rather than from any actual profit earned by the individual or organization running the operation. That describes SS perfectly.
Let's go word by word: a - I'm good with that fraudulent - nope. Nothing fraudulent about it. Totally legal and administered by the US government with transparency. No need to continue.
The word fraud means trickery and lies. If u are aware u won't get it back it isn't fraud. It just sucks.
