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A Ponzi scheme is a fraudulentinvestment operation because it pays returns to separate investors, not from any actual profit earned by the organization, but from their own money or money paid by subsequent investors.
Sounds like Social Security to me. I don't see the problem with that description.
Ponzi schemes are run for the purpose of profiting the person running them. His goal is to steal everyone's money. Social Security has very low overhead, less than 1%.