It's been insolvent in about ten years for the last 35 yearsit started out with 40 workers per retiree paying into it. now it's 3 workers per retiree. that's the exact definition of a ponzi scheme
isn't it insolvent in about 10 years?
That said, it is by definition a ponzi, but it really isn't presenting itself as a business so why does that matter?
it started out with 40 workers per retiree paying into it. now it's 3 workers per retiree. that's the exact definition of a ponzi scheme 