> what you have is a pyramid scheme. Yes, that is exactly what we have. Our social security and Medicare systems are nearing insolvency because they are Ponzi

> what you have is a pyramid scheme. Yes, that is exactly what we have. Our social security and Medicare systems are nearing insolvency because they are Ponzi schemes that rely on growth. Growth that didn’t happen. That pyramid is built on either increased taxes for the next generation or decreased benefits for the prior. Most Americans’ net worth is predominantly composed of their house. Those same houses have had their values propped up by decades of poor financial policy (interest rates trending to zero) because it is politically infeasible that housing prices go down. That pyramid is built on the backs of future generations who are or will be unable to afford housing. Equities and bonds are also a pyramid scheme, in the sense that the same financial policy has propped up asset values. The rise of passive investing, the surplus of cash, and financial policy have propped up asset values far beyond their natural equilibrium point, because it is politically infeasible that stocks go down. That pyramid is built on the lack of future returns coming generations will experience because the prices must eventually regress toward the mean. Not to mention the massive debt bubble, whose interest is another pyramid scheme, wherein past and present generations have voted and continue to vote to saddle future generations with debt that they will not be able to pay. At least here in the US, almost every major wealth creation or preservation system is a pyramid scheme where future generations are on the bottom, and the current generations are at various higher levels of the pyramid.