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Pyramid schemes always need new blood or they will collapse.
by tonis2 5y ago
Pyramid schemes always need new blood or they will collapse.
- HDMI_Cable 5y agoAlmost no economy is a pyramid scheme. American, European, and Asian economies have been functioning for hundreds of years. Populations only started growing in the late 1700s, even though they (in Europe and Asia) had already had an established economy.
- HappySweeney 5y agoI think he means national pension schemes such as Social Security or CPP. Longer lifespans and shrinking populations are both very detrimental to their returns.
- anoncake 5y agoNo matter how you organize it, pensioners use what is produced by the working population. PAYGO systems just make that explicit.
- WarOnPrivacy 5y agoPensioners once produced what the pensioners of their generation consumed. It's the same logic I offer to retirees+parents, who grump over having to support a school system.
- anoncake 5y agoUnfortunately, having so many retirees that pensions are a problem means there are too many retirees for your suggestion to be politically feasible.
- HDMI_Cable 5y agoThat is a major problem in most developed societies. But if you were FDR, Truman, RB Bennett, or any other leader, then you probably couldn't have predicted demographic collapses 100 years in the future.
- dang 5y ago"Please don't post shallow dismissals. A good critical comment teaches us something." https://news.ycombinator.com/newsguidelines.html https://news.ycombinator.com/newsguidelines.html