social security

nationality

American

occupation / innovator as

psychologist

social psychologist

university professor

University of Pennsylvania

innovator in the field of

psychology

social psychology

is a ponzi scheme into which we are paying for today but, because of lover birth rates, will be impossible to collect in the future without unthinkable tax increase.

A July 1994 Chicago Tribune column by Cato Institute head Edward Crane dubs the offices of the Social Security Administration 'home of the world's largest Ponzi scheme.' A 1995 piece by conservative columnist Michael Barone argues that ' . . . many more voters under 50 realize that Medicare and Social Security are Ponzi schemes in which the benefits they're paying for today will be impossible to collect in the future without unthinkable tax increases.

Michael BaroneThinkers

Michael Barone