Yep.

A Ponzi scheme is an investment fraud that involves the payment of purported returns to existing investors from funds contributed by new investors. Ponzi scheme organizers often solicit new investors by promising to invest funds in opportunities claimed to generate high returns with little or no risk. In many Ponzi schemes, the fraudsters focus on attracting new money to make promised payments to earlier-stage investors and to use for personal expenses, instead of engaging in any legitimate investment activity.

Yep.

Social Security takes payments in exchange for promises of future returns, then uses those payments to provide promised returns to earlier-stage investors. The government also uses that money for other expenses, including general funds. Investors are promised high returns with little to no risk.

If Social Security were a private sector endeavor and voluntary, its perpetrators would have been sitting in a prison cell a very long time ago. But instead it’s mandatory and endorsed by the federal government, so everything is apparently fine and dandy. Does that make sense to you?

Via Steven Crowder.