>>>Also, they seem to be of the opinion that, even though Ponzi schemes are illegal in Canada because they are frauds that cannot work, this one will.
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>>What is a Ponzi scheme?
>
>It's essentially a pyramid scheme where early investors are paid off with money from later investors who are promised the moon but end up in the hole. And that's what is going to happen to our wonderful retirement system. By the time the immigrants get to their old age, we are going to need millions more immigrants to keep the scheme going. We are going to eventually reach a point where there won't be enough people on the planet to sustain this stupidity.

This is also our Social Security system. There is no SS fund. All current recipients are being piad by SS deductions from the paychecks of current workers. If there is any surplus, Congress promptly spends it on some other stupid pork barrell project.