Hacker Newsnew | past | comments | ask | show | jobs | submitlogin

He called Social Security a Ponzi scheme, not 401(k)s.


Both are your retirement funds! So…you call one, you call the other one as well.


Not really. Social security is a defined benefit plan that requires new payors to fund todays expenses. 401ks are a defined contribution plan. Very different.


That logic doesn’t hold.

A and B are X, A is Y, therefore B is Y? Nope.




Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact

Search: