[FoRK] Chart of the Day...
J. Andrew Rogers
andrew at ceruleansystems.com
Tue Jun 8 16:12:21 PDT 2010
On Jun 8, 2010, at 3:43 PM, Ken Ganshirt @ Yahoo wrote:
> --- On Tue, 6/8/10, Adam L Beberg <beberg at mithral.com> wrote:
>> How pensions of ANY kind are not illegal Ponzi schemes
>> (since they are) are not illegal boggles the mind. Damn
> It seems to me that a fully funded pension fund should be no burden on anyone's future. It's only the unfunded ones -- the ones that are "funded" out of future revenues or some other euphemism for deferring the liability -- that are a problem.
> Why do you think pensions are a ponzi scheme?
Define "fully funded". Therein lies the problem.
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