this post was submitted on 21 Dec 2024
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[–] Knock_Knock_Lemmy_In@lemmy.world 1 points 2 weeks ago (1 children)

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.