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ImJamallast Tuesday at 10:45 PM1 replyview on HN

I think the person you were responding to meant ponzi scheme, not pyramid scheme. The first sentence from Wikipedia sounds quite similar to SS

> A Ponzi scheme (/ˈpɒnzi/, Italian: [ˈpontsi]) is a form of fraud that lures investors and pays profits to earlier investors with funds from more recent investors

Just replace investors with tax payers.


Replies

efficaxyesterday at 8:06 PM

it's not a ponzi scheme either. in a ponzi scheme the top of the funnel gets rich off the funds of new investors who are expecting a return. my taxes are not an investment secretly used to make some people rich by fooling newcomers, they're explicitly directly funding the current beneficiaries.

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