If you steal from the young for pensioners, you eventually run out of young people to pay for pensioners.

Pensions should be banned. The entire notion of a guaranteed income is unrealistic and incredibly expensive. People need to save and manage their own spending and savings responsibly. Taxes for redistribution make sense within some range of policies but simply telling people they’ll be guaranteed a certain income? With various loopholes to maximize pensions? It’s no surprise that many pension funds are in the red.

And the pensions mentioned in the article are an example of this. It mentions that two workers supporting each pensioner is a problem. How? If that’s the case wouldn’t these two workers eventually need four workers to support them as pensioners? What makes this different from a Ponzi scheme?