4 ms·
In Sweden most of the national pension system [1] is a Ponzi scheme, in the sense that there are no invested funds: money flows straight from working people's t
by bjornsing 10y ago
In Sweden most of the national pension system [1] is a Ponzi scheme, in the sense that there are no invested funds: money flows straight from working people's taxes to retirees pensions.
So far it has worked fairly well, but I guess that's what they say about all Ponzi schemes. :P
1. All except the so-called "Premiepension". See e.g. https://www.pensionsmyndigheten.se/forsta-din-pension/om-pensionssystemet/finansiering-av-pensionssystemet https://www.pensionsmyndigheten.se/forsta-din-pension/om-pen....
- empthought 10y agoIf that's a Ponzi scheme, then every insurance policy is a Ponzi scheme. These programs are insurance against getting too old or sick to work; they are not a retirement fund.
- mjfl 10y agoThey work well, until they don't.