State pension plans are primarily funded (in order of what comprises the most) by 1) the government 2) investments and 3) employee contributions.
Pay as you go is about employee contributions, which is typically the smallest pot being contributed. I don’t think you know what you’re talking about.
When did I ever say the problem goes away? I am saying it is not a Ponzi scheme. You were saying it is a Ponzi scheme. Don’t move the goalposts here.
This is a fundamental misunderstanding of how these funds work.
The goal is not to pay people with the money from new people paying into the pot. They invest the money and then the pot grows and that money is used to pay out. When the pot is not growing enough - whether because investments aren’t doing well enough, or you designed a you designed an bad system where people can withdraw from it for too long, or any other many possible issues - then yes you functionally end up dipping into the money given by new people, but this is not how it was designed to be used.
You are acting like this is a one-to-one system where you just put money in, then you get money out later, and all of the money given out is 100% the money that people put in in the first place with no intention of growing that money or finding a sustainable way of disseminating it long-term.
Mismanagement/poorly built systems are not the same as Ponzi schemes. Unless you think, I don’t know, US Social Security is also a Ponzi scheme?
That’s still not a Ponzi scheme even if it isn’t sustainable.
There are a myriad of fantastic organizations doing great work and if 5% of the disillusioned crowd got involved they’d make huge gains. They just want a single President to magic wand everything they want into existence, if they can even define what they want half the time.
I get what you’re saying I really do but we do this same song and dance every 4 years since 2012
Yes it’s a privilege to be able to do what I do. But I guarantee you almost every person who goes online writing comment after comments about how “there are simply no good candidates” could’ve donated a few dollars or phone banked at least once for someone. If you ask them who they would have wanted instead they can’t even answer that because they don’t know. They just get mad at the establishment during the final hours then disappear for a few years and never try to do anything about it.
I currently volunteer with and donate to the EFF and CSE, and I worked both of Bernie’s campaign. If your goal is to flip the script on me you’ll need to find another approach. Or you could try actually engaging the points.
Yes it was overly angry and ranty but I am tired of repeating it and this election was frustrating as fuck.
Don’t patronize me asshole
Trump is not the person to learn this lesson with. Romney, McCain, all of those would’ve been fine. Trump is an incredibly unique threat.
Let’s see your tune in 4 years lmao all you fuckwits who stayed home did was force everyone to live under the authoritarians right now. You sacrificed marginalized groups because of a complete lack of perspective and selfish bullshit.
You have four years every year to push for candidates you like. Local and state offices. So many opportunities to volunteer and donate. Then you all show up having done NOTHING during that time, strolling up in the general election endlessly complaining and moaning. I’m so fucking sick of it.
Change takes work and time. Sitting around whining online doing nothing for 3.5 years then showing up in the general is not putting in the work. It’s being entitled brats.
That’s not a fucking Ponzi scheme dude! It’s right there in your own comment!