Public pension is only part of the puzzle.. the pensions is tiny, you can maybe live off it, well barely. But it means that your private pension doesn't have t

Public pension is only part of the puzzle.. the pensions is tiny, you can maybe live off it, well barely. But it means that your private pension doesn't have to be as big. More importantly: the point is that your private pension depends on the stock market. You public pension depends on future generations. So overall part of my pension is going to be private: the underlying assets it's invested into is private companies through stocks. Another part of my pension will be public: the underlying asset is humans that can be taxed.