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Joined 19 days ago
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Cake day: December 4th, 2024

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  • This is a fundamental misunderstanding of how these funds work.

    The goal is not to pay people with the money from new people paying into the pot. They invest the money and then the pot grows and that money is used to pay out. When the pot is not growing enough - whether because investments aren’t doing well enough, or you designed a you designed an bad system where people can withdraw from it for too long, or any other many possible issues - then yes you functionally end up dipping into the money given by new people, but this is not how it was designed to be used.

    You are acting like this is a one-to-one system where you just put money in, then you get money out later, and all of the money given out is 100% the money that people put in in the first place with no intention of growing that money or finding a sustainable way of disseminating it long-term.

    Mismanagement/poorly built systems are not the same as Ponzi schemes. Unless you think, I don’t know, US Social Security is also a Ponzi scheme?








  • I don’t disagree with any of this, all I’m saying is that Ukraine only has a war so long as its friends are giving them the means with which to wage war.

    I completely agree the US would be foolish to stop helping them. We should be ramping it up. Russia is a rogue state, it should be treated like one, with the relatively modest investment we put into it we have seen Russia take crippling blows that will take them easily decades to recover from. This is an opportunity to contain a major world threat and it is not lost on me that Trump and co are determined to squander the opportunity.