| | Is the Welfare State a Ponzi Scheme?
Social Security is a Ponzi scheme. The welfare state, taken as a whole, is outright theft, not a Ponzi scheme, since the recipients of welfare are generally not putting money into the scheme.
A Ponzi scheme relies on people choosing to put money into it in the false expectation of getting much more money back, with the early recipients who have the sense to withdraw their loot doing well, and everyone else getting shafted.
Admittedly, Social Security is not a "pure" Ponzi scheme, since people who know it is a scam are being forced against their will to put money into it anyway, whereas a "pure" Ponzi scheme relies entirely on fraud and the gullibility of its victims, not on coercive threats.
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