On Fri, Aug 13, 2010 at 4:11 PM, Jim Devine <[email protected]> wrote: > Doug: >> It's no more so than any pension scheme. Today's retirees are paid by >> today's workers. Tomorrow's retirees will be paid by tomorrow's workers. >> What's Ponzi about that? < > > The idea that OASI is a "Ponzi scheme" seems nothing but a matter of > rhetoric, at a much lower intellectual level than assertions about > demographic problems in its future.
I wouldn't be so dismissive. Doug's answer is accurate and gets to the point, the real question is why so many people think that a system set up like this i.e. "pay as you go" where the young pay for the old is undesirable. -raghu. -- Take my advice, I don't use it anyway. _______________________________________________ pen-l mailing list [email protected] https://lists.csuchico.edu/mailman/listinfo/pen-l
