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.
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.
The list goes on!
No dude we all have a pretty fucking good idea who Steve Bannin is at this point. He’s a morally bankrupt opportunist, grifter, and bigot. Got anything else to add?
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Yeah I don’t really understand this post. I use a VPN pretty much 24/7 coupled with little snitch. I like controlling what information of mine is going out and who gets to come in.
If the mouse comes after your ass unfortunately yes they do kind of get to decide what is and isn’t legal. A lot of it depends on your country’s relationship with the US.
If your entire argument hinges on such a myopic view of things then your argument is not very good. We also both know that I am not saying “literally zero people ever“ and that it is patently absurd of you to interpret my point that way. It’s dishonest and ridiculous.
You know what my actual argument is, hiding behind a flagrantly dishonest interpretation of it is not the slam dunk you think it is. Unless you are truly that ignorant and only able to read things hyper literally, in which case I apologize for expecting too much of you.
Unfortunately their ability to decide their own fate is limited while they are reliant on resources from countries that are threatening to pull the plug.
Yet we still give Israel bombs 🫥
I don’t disagree with any of this, all I’m saying is that Ukraine only has a war so long as its friends are giving them the means with which to wage war.
I completely agree the US would be foolish to stop helping them. We should be ramping it up. Russia is a rogue state, it should be treated like one, with the relatively modest investment we put into it we have seen Russia take crippling blows that will take them easily decades to recover from. This is an opportunity to contain a major world threat and it is not lost on me that Trump and co are determined to squander the opportunity.
While I do agree that this is all kind of bullshit and contributes to that issue of supporting Putin and the Russian mafia fantasy, the reality is that the entire Ukrainian war effort is propped up by the resources provided from western countries, which means that they do in fact the ability to continue or end the war pretty unilaterally. We can chest pound all we want, as can Zelenskyy, but he knows this. This war cannot continue without armaments from the US and Western Europe
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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.