Garibaldee@lemm.ee to World News@lemmy.mlEnglish · 2 days agoJapan Is So Desperate to Increase Its Birth Rate That Tokyo Is Trying Out a New Idea: Free Daycarewww.xatakaon.comexternal-linkmessage-square154fedilinkarrow-up1586arrow-down12
arrow-up1584arrow-down1external-linkJapan Is So Desperate to Increase Its Birth Rate That Tokyo Is Trying Out a New Idea: Free Daycarewww.xatakaon.comGaribaldee@lemm.ee to World News@lemmy.mlEnglish · 2 days agomessage-square154fedilink
minus-squareKnock_Knock_Lemmy_In@lemmy.worldlinkfedilinkarrow-up1·10 hours agoI don’t think you know what you’re talking about. The UK State Pension is unfunded, which means that its obligations are not underpinned by an actual fund or funds. Such schemes are often referred to as “Pay As You Go” (PAYG). The pension payments made by the government for unfunded pensions are financed on an ongoing basis from National Insurance contributions and general taxation.
minus-squareLandedGentrylinkfedilinkEnglisharrow-up1·edit-24 hours agoThat’s not a fucking Ponzi scheme dude! It’s right there in your own comment!
minus-squareKnock_Knock_Lemmy_In@lemmy.worldlinkfedilinkarrow-up1·edit-21 hour agoEarly investors pensioners are paid off with money put in by later ones. Sounds like a ponzi to me.
I don’t think you know what you’re talking about.
The UK State Pension is unfunded, which means that its obligations are not underpinned by an actual fund or funds. Such schemes are often referred to as “Pay As You Go” (PAYG). The pension payments made by the government for unfunded pensions are financed on an ongoing basis from National Insurance contributions and general taxation.
That’s not a fucking Ponzi scheme dude! It’s right there in your own comment!
Early
investorspensioners are paid off with money put in by later ones.Sounds like a ponzi to me.