Based on your post I’m having a hard time understanding why Warren Buffet believes that Social Security isn’t a Ponzi Scheme. Would you be able to explain what a Ponzi Scheme is, how Social Security works and contrast the two?
(Isn’t a Ponzi Scheme where people put in money and instead of it being invested it’s used to pay back people who put in money earlier and the people putting in money now hope to get back money at a future date from people who will put in money at a future date?)
I fully agree with you though that people shouldn’t be able to pick and choose which taxes they want to contribute towards.
Imagine the following:
911- 911, what’s your emergency?
Caller- there’s a fire in my house,
911- let me put you on hold while I check if you paid your fire fighting taxes…