Re:Is everything falling apart?
by bluGill on Friday April 29, 2022 @11:44AM
(#31206603)
All models are a ponzi that depend on a future generation doing labor. Retirement is ultimately a promise that someone will grow food and the other things you need/want. SS depends on the next generation being willing to pay, while stocks depend on the next generation willing to buy those stocks (or dividends because the company because the next generation bought things from it). Funds in a mattress depend on people wanting your cash.
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> All models are a ponzi
No, they are not. “A ponzi” is a fraud. Some of the schemes you mention are not sustainable under certain hypotheses, but none of them have the deceptive and fraudulent aspects of Ponzi schemes, which is important. These are strategies, that might work out or that might not, but in any case they are not tools for personal enrichment through deception.