Re: Perspective
I am guessing the victims of Ponzi schemes were trying to rationalise their spending in the similar way as you do.
Ponzi scheme is how variations of investment scams are called, in which returns are paid to existing investors from funds contributed by new investors, rather than from profit earned. (as in "I've paid national insurance for over thirty years in order to pay the pensions of the people already receiving them. My pension will be covered by younger people, some of them not yet born")
Whether there was a scheme generating some profit or not is irrelevant.
Whether a particular Ponzi scheme calls itself a Ponzi scheme openly (as in "Government openly admit this") is also irrelevant.
Biting the hand that feeds IT
