• LandedGentry@lemmy.zip
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      11 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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        5 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.