Saturday, November 9, 2013

Can We Support 75 Million Retirees in 2020?

by Charles Hugh-Smith
All financial schemes for retirement are misdirections of the real challenge, which is creating enough real-world surplus to support 75 million retirees.
I received a number of interesting comments on my recent series on the insolvency of the Social Security Ponzi Scheme:
The Generational Injustice of Social (in)Security (November 6, 2013)
The Problem with Pay-As-You-Go Social Programs: They’re Ponzi Schemes (November 5, 2013)
There are two questions here:
1. How can we sustainably pay for [...]  (more)
 
 
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