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One aspect of this that doesn't seem to be getting much attention is the law of unintended consequences. It's easy to contribute other people's money to an inar
by Mary-Jane 6y ago
One aspect of this that doesn't seem to be getting much attention is the law of unintended consequences. It's easy to contribute other people's money to an inarguably noble cause, but I wonder how many of the authors of the budget that set aside these funds appreciated that their great great great great great grandchildren, many of them _descendants of slaves_, would be paying for this benefit?
- throwawaygh 6y agoAs long as pensions aren’t inflation adjusted and we have near-constant low level inflation, it’s just not a big deal. This article is about an approximately $1000/year benefit received by a single person. It’s an extreme outlier and its cost is many orders of magnitude from being even a rounding error. To your question, though, designers of pension funds definitely do understand that pensions which survive the original recipient can start to look like perpetuities.