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The U. S. System of Social Security: Emphatically Not a Ponzi Scheme
Author(s) -
Skidmore Max J.
Publication year - 2010
Publication title -
poverty and public policy
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.206
H-Index - 4
ISSN - 1944-2858
DOI - 10.2202/1944-2858.1138
Subject(s) - commission , social security , scheme (mathematics) , revenue , law and economics , computer security , pyramid (geometry) , business , economics , law , political science , computer science , finance , mathematical analysis , mathematics , physics , optics
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.