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You are promoting the economic equivalent of a Ponzi scheme that by its very definition is not sustainable.
by hype7 14y ago
You are promoting the economic equivalent of a Ponzi scheme that by its very definition is not sustainable.
- DanBC 14y agoPeople pay small amounts of money into their pension (401k?) schemes throughout their life. The growth of those schemes requires people to continue to pay money into them. This ponzi scheme is either my poor communicating, or is a feature of many pension systems around the world. (http://www.independent.co.uk/news/world/politics/a-look-at-pensions-plans-worldwide-517579.html http://www.independent.co.uk/news/world/politics/a-look-at-p...) I agree it's not sustainable. What do you suggest? How should people fund their old age? Prisoners are already being used to care for other old age prisoners. This moving NY Times article is fascinating. (http://www.nytimes.com/2012/02/26/health/dealing-with-dementia-among-aging-criminals.html?pagewanted=all&_r=0 http://www.nytimes.com/2012/02/26/health/dealing-with-dement...) Fun sci-fi noodling would have criminals being sub-contracted into institutions that care for poverty stricken old people. The prison / elderly care industrial complex grows to a huge evil empire. (Throw in a bit about making and selling coffins and it's complete.)