Andrew Tate says that pensions are a Ponzi Scheme that depends on new incoming people to support the underlying base of people (at lesst that’s how I understood it).
Is there any truth to this? Or is he just being hyperbolic?
Well you must exclude money purchase schemes where the pension is a tax efficient form of saving.
Public pensions do rely on current contributions. But Ponzi schemes trick investors by financing initial returns out of investments. Not at all the same thing
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[ 0.21 ms ] story [ 21.7 ms ] threadIs there any truth to this? Or is he just being hyperbolic?
Public pensions do rely on current contributions. But Ponzi schemes trick investors by financing initial returns out of investments. Not at all the same thing