Dennis Yu

The biggest Ponzi scheme ever!

There’s been recent debate from folks like Jim Cramer and Business Week on whether Social Security is a Ponzi Scheme. Of course, it is!

  • You don’t have your own account that holds the deposits you make.
  • The money you put in now is used to pay off people who joined earlier.
  • The number of people in the scheme must keep growing to pay off current needs.
  • The “bubble” pops when we can’t find enough new people to put money in.

Charles Ponzi would be proud of folks like Uncle Sam and Bernard Madoff.  Ony we’re not talking about $50 billion, like Madoff’s scheme.  Guess how much of Social Security is unfunded– meaning that we don’t have the money to pay it off?  $4.3 trillion dollars according to the Social Security Administration themselves.  A trillion is a million million, if you can imagine that.

But unlike a regular Ponzi scheme, this is one that most of us are aware of, but think we can pass off to future generations– we have urgent things we need to spend money on now.  And we can reduce the burden by raising taxes, cutting the benefit amounts, and raising the minimum age to collect.  I personally think that Social Security should go back to what it was originally created for– as a safety net for folks who don’t have a safety net.

It was borne out the FDR era, where soldiers coming back from war were not guaranteed a job.  So instead of spending 20 years accumulating a pension at one company, you could move around and take a retirement with you.  But like car insurance, health insurance, or welfare– social security should pay out only when someone desperately needs it.  I know a lot of wealthy people who are collecting these checks– and they claim to deserve it, since they paid in.

But if social security were truly a safety net, instead of giving out cash, it would give vouchers for rent, food, and have welfare-like restrictions on it.  You want to talk about supply-side (trickle-down) economics?   Your hard-earned tax dollars are not being used to create jobs or build businesses– unless you count the lollipops and golf outings that Grandpa is spending your money on.

Time to halt this Ponzi scheme, which will, in turn, give each us more of our paychecks back.  And then we won’t need the social security, except for those folks that need the safety net.

Dennis Yu

Dennis Yu

Dennis Yu is co-author of the #1 best selling book on Amazon in social media, The Definitive Guide to TikTok Ads. He has spent a billion dollars on Facebook ads across his agencies and agencies he advises. Mr. Yu is the "million jobs" guy-- on a mission to create one million jobs via hands-on social media training, partnering with universities and professional organizations. You can find him quoted in major publications and on television such as CNN, the Wall Street Journal, Washington Post, NPR, and LA Times. Clients have included Nike, Red Bull, the Golden State Warriors, Ashley Furniture, Quiznos-- down to local service businesses like real estate agents and dentists. He's spoken at over 750 conferences in 20 countries, having flown over 6 million miles in the last 30 years to train up young adults and business owners. He speaks for free as long as the organization believes in the job-creation mission and covers business class travel. You can find him hiking tall mountains, eating chicken wings, and taking Kaqun oxygen baths-- likely in a city near you.
I'm a member of Blitzmetrics Academy and a friend of Dennis to boot. Not only is Dennis highly intelligent and full of great and creative ideas, he's also incredibly generous with both his knowledge and his time. Success couldn't come to a better guy. Thank you for all that you do for the world, Dennis! 🙏

Michael Pacheco

Marketer

Thanks 🙏 for being shining light in this industry. Love what your building for works overseas too network for jobs so innovative. Dennis helped me navigate having bad experiences with marketing agencies and doing dollar a day marketing which has helped my personal brand tremendously. Highly recommend.

Eric Skeldon

Founder at Kingdom Broker

Working with Dennis has been a delightful experience. After meeting him in 2015 I got to collaborate with him on countless occasions. His understanding for state-of-the-art marketing, his implementation, and his leadership put him into the top 0.01% of marketers and mentors.

Jan Koch

Ihr kompetenter Partner für innovative KI-Strategien.

I had the pleasure of interviewing Dennis for my podcast in 2021 and since then we have maintained a friendship that grows with each interaction. I have seen Dennis' devotion to his friends and clients firsthand, and our conversations often result in us talking about how we can provide more value to the people around us. He is someone whom I can ask questions on a technical level, and look to on a personal level. If you have any hesitancy about hiring him, get over yourself and do it!

Isaac Mashman

Help scaling personal brands.

Geez, where do I start recommending Dennis? First, he is an absolutely brilliant marketer who understands where marketing is today and where it's going tomorrow. He also has an incredible passion for the International Worker community. The lessons he has taught me from his almost 20 years of experience hiring International Workers have been immense. Most importantly though. Dennis Yu is someone who wants the absolute best for you and is willing to tell you the truth. Dennis sat with me at a point in my business where I was floundering but did not want to admit it. He asked some very straight forward questions to get me to admit my issues, highlighted the issues, and then helped me create a roadmap to success.

Atiba de Souza

International Keynote Speaker | Video Content Superman | Superconnector |

Dennis, which I had the pleasure of working with is one of the most giving, honest and tell you as it is person I ever know. The knowledge this man has is remarkable and he just gives it out freely. He is not pretentious and always entertain anyone big or small in the industry always willing to help. If you ever get a golden opportunity to work with him or mentored by him say YES!. You will notr regret Dennis, which I had the pleasure of working with is one of the most giving, honest and tell you as it is person I ever know. The knowledge this man has is remarkable and he just gives it out freely. He is not pretentious and always entertain anyone big or small in the industry always willing to help. If you ever get a golden opportunity to work with him or mentored by him say YES!. You will not regret

Nixon Lee

The PR Whisperer

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