Japan has been grappling with its demographic statistics with a sense of urgency, particularly regarding its declining birth rate. In 2023, the country...
        • Knock_Knock_Lemmy_In@lemmy.world
          1·
          12 days 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.

            • Knock_Knock_Lemmy_In@lemmy.world
              1·
              12 days ago

              It has two sources of funding

              Taxes is the same source of funding. Workers.

              there isn’t a middle man skimming a cut

              Er. The government.

              The entire point of a Ponzi scheme is you are pretending there is money being generated that isn’t.

              Exactly. State Pensions are promised but there is no money held aside for them.

              It is literally not a Ponzi scheme by definition.

              I’ve already given you the Ponzi literature, and shown that PAYG pensions satisfy the description.

              I’m done man.

              Cos, like your PAYG error, you just can’t admit being wrong.