Re: biggest Ponzi scam of all:- National Insurance?
Nice defence;- but not quite true.
Like many governmental schemes over the years, what is now viewed by the authorities as general taxation was originally set up for a specific purpose:- your vehicle tax disc was called a "Road Fund Licence" for many years after it ceased having anything to do with just road building & maintenance.
So NI (or National Insurance - the clue's in the name) was originally set up to provide very basic social security benefits for which you paid a premium.
Then some 'bright spark' thought that these funds can just be added to general tax funds instead of ring-fencing them for their intended purpose with the idea that we'll let future taxpayers worry about paying the entitlements to those who've compulsorily invested.
Result? Unfunded pension liabilities, massive increases for higher-echelon civil servants, and smaller benefits for original investors with start dates deferred way beyond the original 'contractual date'.
On the basis of "If it walks like a duck, looks like a duck, and quacks like a duck then it's probably a duck', National Insurance has turned out to be a Ponzi scheme.
And no amount of politico-speak, equivocation or sophistry will convince me otherwise.