Hacker News new | past | comments | ask | show | jobs | submit
rlt | on: Can the stockmarket swallow Anthropic, SpaceX and OpenAI?
He called Social Security a Ponzi scheme, not 401(k)s.
mandeepj | parent
Both are your retirement funds! So…you call one, you call the other one as well.
mgh95 | root | parent
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.