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It's a ponzi scheme and if a private company tried it they would be in prison!

Myself, now collecting, quit paying into it in 1978 when I started taking all my compensation from the corporation in rental and lease payments instead of taking a salary. I get a slightly reduced check but not by much since I paid the maximum for over 20 years starting at age 14.

It is not a ponzi scheme. It is a scheme that works well for one generation, the generation that does not pay in but gets something back. After that, as long as the population increases, it is a good deal, but not a free lunch like the 1st generation. Of course, eventually, the population stops increasing, then there is no free lunch and the program starts looking pretty unattractive.

I'm just trying to explain the popularity and success of the system. A lot of people got a free lunch, but the free lunch works only once. Who the hell doesn't like a free lunch ? I think the free lunch is coming to an end however.