3 ms·
> Pension is a Ponzi scheme. Explained in terms of economic theory, if everybody works and saves in time period 1, and retires and receives pension in time peri
by throw0101d 1y ago
> Pension is a Ponzi scheme. Explained in terms of economic theory, if everybody works and saves in time period 1, and retires and receives pension in time period 2, then... their pension is worthless, because there's infinite inflation, because no more goods and services get produced.
Except if you take a portion of the contributions and investment in incoming-producing assets.
Kind of like what the Canada Pension Plan (CPP ~ US Social Security) does.
Not all pensions are the same or created equal.