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this post was submitted on 21 Dec 2024
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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.
Taxes is the same source of funding. Workers.
Er. The government.
Exactly. State Pensions are promised but there is no money held aside for them.
I've already given you the Ponzi literature, and shown that PAYG pensions satisfy the description.
Cos, like your PAYG error, you just can't admit being wrong.