> It's a Ponzi scheme when it's not sustainable.
That's such a general and undeveloped affirmation that you probably don't even believe it yourself.
Here is the real definition from Wikipedia:
> is a form of fraud that lures investors and pays profits to earlier investors with funds from more recent investors.
Pension systems are not a fraud. If you believe so, we do not live in the same reality.
Taxpayers and pensioners are not investors. They are people who want to live a descent life.
Not everything should be viewed as a financial market. Reducing everything in life into a spreadsheet makes you believe in fairy tales. People end up believing they are going to become millionaires by investing their hard earn dollars into actual Ponzi schemes like bitcoins and the like.
Rich countries are producing many times more than what they need. There is plenty for everyone to go around, they just need to organize themselves a little better.
That's such a general and undeveloped affirmation that you probably don't even believe it yourself.
Here is the real definition from Wikipedia:
> is a form of fraud that lures investors and pays profits to earlier investors with funds from more recent investors.
Pension systems are not a fraud. If you believe so, we do not live in the same reality.
Taxpayers and pensioners are not investors. They are people who want to live a descent life.
Not everything should be viewed as a financial market. Reducing everything in life into a spreadsheet makes you believe in fairy tales. People end up believing they are going to become millionaires by investing their hard earn dollars into actual Ponzi schemes like bitcoins and the like.
Rich countries are producing many times more than what they need. There is plenty for everyone to go around, they just need to organize themselves a little better.