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When you say “Ponzi scheme of retirement” are you referring to social security, pensions, other retiree payment plans? Or something else?


Social security, yes. The other things... kinda.

Social security (in the US) is explicitly designed such that each generation is paying for the one that came before it and generally needs to be larger.

Pensions could and should work just as long as the funds grow faster than inflation, although in practice they can also indirectly rely on younger people paying for older people.




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