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If this is the reference for the definition of a Ponzi scheme then the pension system in general is a Ponzi scheme by design and immigration is not "turning" it
by close04 2y ago
If this is the reference for the definition of a Ponzi scheme then the pension system in general is a Ponzi scheme by design and immigration is not "turning" it into one like OP said.
But I don't really agree this is the appropriate equivalent at least for the "spirit" of a Ponzi scheme. A pyramid scheme exists only when a pyramid is disguised as something else. When it's designed and presented as an actual pyramid it's not a scheme. In the design of the pension system there's no intention of fraud involved (only lack of education maybe), and the system is constantly and very transparently adjusted to widen the pyramid base and narrow the top (increase retirement age, contributor base, or individual contribution).
- mytailorisrich 2y agoYou are being unduly pedantic and argumentive. You should understand that the term was clearly used to mean that population must keep growing forever because the next generation must always be larger than the previous one. And yes, the whole economy and benefit systems, including pensions, assume this. This is why it is difficult to face the fact that population cannot keep growing, and in fact it s forecast that will stop growing at global scale by the end of the century. It is even more unsustainable combined with the objective of solving the climate and environmental crisis. There is a dishonest incoherency with our governments, and just incoherency with large sections of the public.