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But we don't parity or growth. A decline would would tax our systems less and we could still provide for our elderly.
by igetspam 5y ago
But we don't parity or growth. A decline would would tax our systems less and we could still provide for our elderly.
- jtbayly 5y agoIt depends on the systems. Social security is a system that would be under greater pressure, not less.
- bqmjjx0kac 5y agoHot take: social security is a Ponzi scheme.
- snovv_crash 5y agoBy implication, the people who get out first are the only winners?
- bqmjjx0kac 5y agoMy point was more that it only works as long as new people are joining.
- dane-pgp 5y agoIf new members join the scheme at the rate that old members die, and the average member expects to get out what they put in, then it is a very sustainable Ponzi scheme. In theory you'd have the problem of inflation if each generation put all their contributions into a dedicated fund which was later used to pay their expenses in old age, but fortunately the current contributors can pay for the current beneficiaries, which mitigates that problem.
- collegeburner 5y agoIt also makes it very hard to roll back because some generation will get screwed, paying for handouts to old people and getting 0.