Members of our fascist party have taken to describing Social Security as a “Ponzi scheme,” attempting thereby to create the impression in the brains of amygdala-based lifeforms that it’s a scam and we need to “reform” it, by which they mean “destroy it.”
This has been a fever dream of our Republixanazi Party since Social Security was implemented 90 years ago. For some reason they cannot comprehend that providing a small sum for the elderly, the disabled, and the orphans is actually a good thing and can mean the difference between barely sustainable living conditions and absolute misery.
So let’s talk about their metaphor. Is Social Security a Ponzi scheme?
No. It is not. A Ponzi scheme is designed from the very outset to cheat its investors. Those at the bottom of the pyramid pay into the system, but they never see a return on their “investment” because it’s all a scam, remember? Only the rich assholes engineering the scam ever see any money out of it.
This is prima facie not how Social Security works. It’s not how it was intended to work. It intended to use the tax revenue from current workers to provide a monthly check to retired workers (and/or their dependents).
Yes, it is true that you — as an individual — do not “get back” the money you paid in. That money has already been spent to help others, and now others are paying to support you.
Is the system in trouble? A bit, and for the moment we will ignore the fact that Congress fupped over Social Security by raiding its bank account and never paying that money back. (Talk about Ponzi schemes!)
If the system is in trouble, you might think that smart people would examine the issues and come up with a solution. Indeed, many people have suggested several approaches to the problem, like here and here. As you will see if you click through, no solution is without its own problems — but they are solutions.
So the question arises, why is our Republixanazi Party — if they’re so concerned that Social Security is a Ponzi scheme — not pursuing solutions?
(Answer key: Because they want to kill it and suck up your money through actual Ponzi schemes like the stock market.)
One more comment: Our Republixanazi Party sneeringly describes Social Security as an “entitlement,” playing with the pejorative sense of “entitled” to make us feel dirty about accepting these funds. The fact is, though, that we are in fact entitled to those funds; they are an earned benefit. We earned them. We are entitled to them.
Do not let the fascists lie to you. Resist.