[mandeepj]

> this is disgusting corruption

The guy called 401(k)s a Ponzi scheme. Now, he's coming after them to loot.

[rlt]

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

[mandeepj]

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

[mgh95]

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.

[rlt]

That logic doesn’t hold.

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