"government simply increases it" print more money, cause pain for everyone who isn't privileged to work for the government. "inflation linked annuity" social

"government simply increases it" print more money, cause pain for everyone who isn't privileged to work for the government. "inflation linked annuity" socialize the risk for big businesses/municipal debt (inflation linked annuities are often bundles of investments that can produce a yield that matches inflations, you can't magically create these things)