Warren Buffett Was Asked If Social Security Was A 'Government-Sponsored Ponzi Scheme For Retirees' — Here's What He Had To Say
Article Excerpt: "...it was a transfer payment by the people who are in their productive years to the people who are past their productive years," Buffett explained.
Buffett strongly advocated for maintaining, if not enhancing, the benefits provided by Social Security. "I basically believe that anything that would take Social Security payments below their present guaranteed level is a mistake," he affirmed. He emphasized a wealthy nation’s capability and responsibility to care for its younger and older generations. ..."
Resource: www.benzinga.com