Japan has been grappling with its demographic statistics with a sense of urgency, particularly regarding its declining birth rate. In 2023, the country...
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.
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.
It can sound like someone’s whistling Dixie if you want to claim that, it doesn’t make it true.
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.