The U. S. System of Social Security: Emphatically Not a Ponzi Scheme

Max J. Skidmore

Poverty & Public Policy, 2010, vol. 2, issue 4, 161-168

Abstract: This article, written by PPP Editor‐In‐Chief Max J. Skidmore, references information from his and others' research, including quoted information taken from the Security and Exchange Commission's own website to disassociate the U.S. Social Security System from recent allegations that it is a kind of Ponzi or “Pyramid” scheme. It is pointed out that social insurance, unlike Ponzi programs, offers sustainable revenues for contributing patrons and not get‐rich‐quick scenarios.

Date: 2010
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https://doi.org/10.2202/1944-2858.1138

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Persistent link: https://EconPapers.repec.org/RePEc:wly:povpop:v:2:y:2010:i:4:p:161-168

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