Social Security
Bernie Madoff created a hedge fund which turned out to be a Ponzi scheme. It fell apart when
more money was being taken out than invested.
Social Security pays retired people out of the money being deposited by younger people who
are still working. It is also a Ponzi scheme because it doesn't actually have any cash reserves
which have been invested, but relies on further continued contributions. The Social Security
Ponzi Scheme is run by the US Government.
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Bernie Madoff created a hedge fund which turned out to be a Ponzi scheme. It fell apart when
more money was being taken out than invested.
Social Security pays retired people out of the money being deposited by younger people who
are still working. It is also a Ponzi scheme because it doesn't actually have any cash reserves
which have been invested, but relies on further continued contributions. The Social Security
Ponzi Scheme is run by the US Government.
Next
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