Re:Americans Are Dying Younger, Saving Corporations Billions
by pm90 on Wednesday August 09, 2017 @11:19AM
(#14969977)
The problem is just that we as a society have never had to plan for such a large proportion of our society being older and thus outside the (regular?) labor force. We created social security nets but they look increasingly like a ponzi scheme, making lots of young pay for the care of the old (in addition to contributions made by the old when they were a part of the labor force). Is this sustainable? I don't know.
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Re:Americans Are Dying Younger, Saving Corporations Billions
by BuckRogers on Wednesday August 09, 2017 @12:05PM
(#14970631)
It is sustainable if you manage it properly and don't rob the collection plate. Insurance is predicated on the same ponzi scheme, just usually private market based. Some insurance exec couldn't be embezzling millions and still have the numbers work out.
I'd say it comes down to good management (as with anything) and priorities. A bad government is going to mismanage it and spend more on the military or other priorities, borrow money to make up the deficits and then of course everyone loses faith.