• LandedGentry@lemmy.zip
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      12 hours ago

      It can sound like someone’s whistling Dixie if you want to claim that, it doesn’t make it true.

      • Knock_Knock_Lemmy_In@lemmy.world
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        6 hours ago

        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.

        • LandedGentry@lemmy.zip
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          58 seconds ago

          It has two sources of funding (taxes being the second) and there isn’t a middle man skimming a cut while paying older participants simply with new participants’ money while claiming their money is invested to generate money to pay them all out. The entire point of a Ponzi scheme is you are pretending there is money being generated that isn’t, you are just using new victims money for as long as possible until the music stops.

          It is not a Ponzi scheme. It is literally not a Ponzi scheme by definition. You are making up your own rules and definitions because of how it feels to you.