3 ms·
It's not just entitlement programs, retirement in general is a Ponzi scheme. The only way that anyone can retire is to rely on the productivity of people who a
by TheCoelacanth 8y ago
It's not just entitlement programs, retirement in general is a Ponzi scheme.
The only way that anyone can retire is to rely on the productivity of people who are still working. Saving up money for retirement does not avoid this. Your saved up money just lets you buy someone else's future productivity, you can't actually live on it.
- imtringued 8y agoExactly! Imagine a future in which 100% of the population is in retirement. Who is going to run the farms that produce the food? The only way to get food is by stockpiling it during your working age and somehow preserving it for decades until you have reached your retirement age. This clearly isn't viable so instead we have kids that take care of us when we become old.