Post
Topic
Board Economics
Re: Why Ponzi schemes are called "Ponzi"
by
bitmover
on 28/09/2018, 00:25:18 UTC
Some retirement plans are Ponzi schemes.

In Brazil the official retirement plan made by the government is a ponzi scheme.

The ones who are retiring now didn't contribute enough to pay their pensions. So the ones who are working now are paying for the olders pension. And so on.

The problem is that our life expectancy ia getting higher and people are having less children. So soon the new people wont be able to pay for olders pensions...