Dr. Suess and Mr Potatohead cancelled.....CRISIS!!Temporarily forced to wear a mask during a pandemic
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Dr. Suess and Mr Potatohead cancelled.....CRISIS!!Temporarily forced to wear a mask during a pandemic
pyramid And ponzi schemes aren’t the same thing.I'd consider Social Security the best example. The first round of beneficiaries didn't pay in; it was a transfer from young to old. You will need a base of a pyramid to continue paying the benefits at the top. As constituted today, it doesn't seem feasible if you had 1:1 contributors and beneficiaries.
Okay pyramid being a more accurate description than Ponzi, well said.pyramid And ponzi schemes aren’t the same thing.
also, a Ponzi scheme involves fraud and promised huge investment returns - neither of those are present in social security. At worst, your description just shown one generation got it better than the rest.
I get that there is a lot of concern about how to fund ss, but the system is hardly a fraudulent scheme.
Because Millennials are the largest generational group in the U.S. ever and they are suddenly realizing that they need a populous tax base of worker bees to support them in their old age.
why is this considered a crisis?
yes. that’s what I meant. Pyramid scheme. I mix those uppyramid And ponzi schemes aren’t the same thing.
also, a Ponzi scheme involves fraud and promised huge investment returns - neither of those are present in social security. At worst, your description just shown one generation got it better than the rest.
I get that there is a lot of concern about how to fund ss, but the system is hardly a fraudulent scheme.
false, capital markets are also dependent upon growth at all costsNo, social safety nets, particularly for the elderly, are ponzi schemes.
what is the difference between ponzu scheme and eel scheme?Pensions and SS are are ponzu schemes.
This thread has jumped the shark.Just once I’d like to see a Fonzi scheme
Aaaayyyyyyyyy....Just once I’d like to see a Fonzi scheme
Can you expand on this? I don't understand how capital markets cease to function in the absence of economic/population growth. But I can certainly come up with how a beneficiary/contributor idea like Social Security does.false, capital markets are also dependent upon growth at all costs
the entire system is dependent upon growth at all costs
Oh there's not doubt we're a country that loves stupid and unnecessary drama. I'm numb to the word.Why is it a crisis?
Every thing is a “crisis”.
Overpopulation - crisis.
Declining birth rates - crisis.
Warming planet - crisis.
Cooling planet - crisis.
Not enough rain - crisis.
too much rain....
Crisis at the border
healthcare crisis
Housing crisis
homeless crisis
I hope you learn from this.
It means that we're having fewer kids and that the only way to keep our economies going is by more immigration.But what does it really mean?
...plenty of other distractions or just a decreased zest?
The story of mankind is migration and population replacement and interbreeding.It means that we're having fewer kids and that the only way to keep our economies going is by more immigration.
Women have careers and less time for babies. Medicine is better so women can wait longer and have fewer kids. Sperm rates are decreasing in many areas too.
The issue isn't really that there won't be enough people - it's that there won't be enough of the right "kind" of people (read, white Christians) to sustain what the Pilgrims started a few hundred years ago.