609

Japan Is So Desperate to Increase Its Birth Rate That Tokyo Is Trying Out a New Idea: Free Daycare (www.xatakaon.com)

submitted 4 days ago by Garibaldee@lemm.ee to c/worldnews@lemmy.ml

167 comments fedilink hide all child comments

you are viewing a single comment's thread
view the rest of the comments

[-] Knock_Knock_Lemmy_In@lemmy.world 1 points 2 days ago* (last edited 2 days ago)

Early ~~investors~~ pensioners are paid off with money put in by later ones.

Sounds like a ponzi to me.

[-] LandedGentry@lemmy.zip 1 points 2 days ago

It can sound like someone’s whistling Dixie if you want to claim that, it doesn’t make it true.

[-] Knock_Knock_Lemmy_In@lemmy.world 1 points 2 days ago

Your misunderstanding of the process and confusion with private pensions doesn't make it false.

PAYG funded State pensions fit the definition of a ponzi. Therefore they are a ponzi. The fact it is government approved and transparent does not negate the fact that current investors are directly paying early investors.

[-] LandedGentry@lemmy.zip 1 points 2 days ago* (last edited 2 days ago)

It has two sources of funding (taxes being the second) and there isn’t a middle man skimming a cut while paying older participants simply with new participants’ money while claiming their money is invested to generate money to pay them all out. The entire point of a Ponzi scheme is you are pretending there is money being generated that isn’t, you are just using new victims money for as long as possible until the music stops. They literally make up numbers to cover their tracks. It’s a fraudulent enterprise by design.

It is not a Ponzi scheme. It is literally not a Ponzi scheme by definition. You are making up your own rules and definitions because of how it feels to you. Do I think it is flawed and not a great way of handling these funds if you want them to be steady in the longterm? Absolutely. But it is not a Ponzi scheme.

I’m done man.