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>the current working generation pays into a pool that gets then distributed to the current pensioner generation How do you manage to sell a government controll

>the current working generation pays into a pool that gets then distributed to the current pensioner generation How do you manage to sell a government controlled Ponzi scheme tied to demographics as a benefit?

MITSardine 2y ago
I'm not going to argue for or against it, but it's literally not a Ponzi scheme. There's no need for infinite growth for it to function, it can work at equilibrium.
mschuster91 2y ago
The stock markets, as I detailed, are also a Ponzi scheme - and I'd argue, at least for pensions, an even worse Ponzi scheme than government redistribution systems. The latter are at least government backed, but when the stock markets crash, your investments go kaboom because you got duped into investing in Bernie Madoff investments or whatever you have zero recourse. During Covid, there actually were a few suicides in the first lockdown era when the markets dipped 20%.
- FirmwareBurner 2y ago
  >an even worse Ponzi scheme than government redistribution systems Government redistributions systems as retirement, are an unsustainable political weapon where politicians keep promising higher pensions in exchange for votes from boomers, which will be extracted by higher taxes on the youth rather than from any economic productivity gains like the stock market. But they youth can choose to not have kids anymore or emigrate out to places that won't fleece them. See Greece. > but when the stock markets crash, your investments go kaboom because you got duped into investing in Bernie Madoff investments or whatever you have zero recourse. You either don't understand the difference between the stock market and pensions, or don't understand the difference between investment and speculation. Private pension plans have all kinds of stock in them you can't avoid them, but at least they're based on economic productivity and not working population in your country which doesn't seem to want or able to afford kids. If the stock market were to crash, as you suggest, then the government based pension would also collapsed because the economy as a whole would collapse so there wouldn't be any jobs to pay taxes for the current retirees. >During Covid, there actually were a few suicides in the first lockdown era when the markets dipped 20%. Were those pensioners or people who put their savings in meme stocks? Because long term investors don't fear any dips as they've been long int he market to not be affected by a temporary dip which is cancelled out by the long term gains over 40 years. Since we're talking about pensions, not speculations. Edit: Never mind, I just realized I was explaining basic economics to someone calling himself "proud Antifa" in his profile.

MITSardine 2y ago

I'm not going to argue for or against it, but it's literally not a Ponzi scheme. There's no need for infinite growth for it to function, it can work at equilibrium.

mschuster91 2y ago

The stock markets, as I detailed, are also a Ponzi scheme - and I'd argue, at least for pensions, an even worse Ponzi scheme than government redistribution systems. The latter are at least government backed, but when the stock markets crash, your investments go kaboom because you got duped into investing in Bernie Madoff investments or whatever you have zero recourse. During Covid, there actually were a few suicides in the first lockdown era when the markets dipped 20%.

FirmwareBurner 2y ago
>an even worse Ponzi scheme than government redistribution systems Government redistributions systems as retirement, are an unsustainable political weapon where politicians keep promising higher pensions in exchange for votes from boomers, which will be extracted by higher taxes on the youth rather than from any economic productivity gains like the stock market. But they youth can choose to not have kids anymore or emigrate out to places that won't fleece them. See Greece. > but when the stock markets crash, your investments go kaboom because you got duped into investing in Bernie Madoff investments or whatever you have zero recourse. You either don't understand the difference between the stock market and pensions, or don't understand the difference between investment and speculation. Private pension plans have all kinds of stock in them you can't avoid them, but at least they're based on economic productivity and not working population in your country which doesn't seem to want or able to afford kids. If the stock market were to crash, as you suggest, then the government based pension would also collapsed because the economy as a whole would collapse so there wouldn't be any jobs to pay taxes for the current retirees. >During Covid, there actually were a few suicides in the first lockdown era when the markets dipped 20%. Were those pensioners or people who put their savings in meme stocks? Because long term investors don't fear any dips as they've been long int he market to not be affected by a temporary dip which is cancelled out by the long term gains over 40 years. Since we're talking about pensions, not speculations. Edit: Never mind, I just realized I was explaining basic economics to someone calling himself "proud Antifa" in his profile.