3 ms·
They require a 6% yield to function over the long term. However you can solve that by transfer from the young - which is what we are seeing. Hence Compulsory P
by neilwilson 6y ago
They require a 6% yield to function over the long term. However you can solve that by transfer from the young - which is what we are seeing.
Hence Compulsory Pension Contributions in certain jurisdictions. Which when you follow it through is just a privatised tax where some financial middlemen get to skim off the top.