3 ms·
Your savings don't need to be tied to the stock market, it's actually not the case for most people outside of the US afaik. Your retirement pension even more so
by sgu999 2y ago
Your savings don't need to be tied to the stock market, it's actually not the case for most people outside of the US afaik. Your retirement pension even more so. How we choose to redistribute the extra wealth generated by others is mostly political.
- Nasrudith 2y agoIsn't the case for most people outside the US government funded pensions essentially just "the Stock Market but with extra steps"? If the market crashes pensioners are going to have a bad time.
- sgu999 2y agoIt's apparently called "pay as you go" in the english jargon. Here we call it "répartition" in opposition to "capitalisation" [0]: active workforce directly pays for the inactive population, in exchange for a future right to a pension. Which is roughly what you do with capital-based pensions, but with less variability. [0] https://de.m.wikipedia.org/wiki/Umlageverfahren https://de.m.wikipedia.org/wiki/Umlageverfahren