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submitted 5 days ago by Garibaldee@lemm.ee to c/worldnews@lemmy.ml
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It has two sources of funding

Taxes is the same source of funding. Workers.

there isn’t a middle man skimming a cut

Er. The government.

The entire point of a Ponzi scheme is you are pretending there is money being generated that isn’t.

Exactly. State Pensions are promised but there is no money held aside for them.

It is literally not a Ponzi scheme by definition.

I've already given you the Ponzi literature, and shown that PAYG pensions satisfy the description.

I’m done man.

Cos, like your PAYG error, you just can't admit being wrong.

this post was submitted on 21 Dec 2024
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