Re: 25 kernels

On 22/05/2025 16:56, Bobbie Sellers wrote:

  On 5/22/25 01:00, The Natural Philosopher wrote:

On 21/05/2025 23:30, rbowman wrote:

On Wed, 21 May 2025 10:45:22 -0700, Bobbie Sellers wrote:
>

    No it is earned. Money is taken from your pay and
invested in Government bonds. Then when you retire you get your taken
money back adjusted for the Cost of Living.

>
That's the theory...

It isn't even the theory.
>
The theory is a Ponzi scheme. An expanding economy and inflation will mean that paying today's pensioners with today's taxes works fine.
>
So long as you import enough  taxpayers and cause enough inflation
Last years taxes have already been spent.
>

     No you are confused because a Ponzi scheme pays not from Government Bonds
but from the private investments of the people taken in by the organizer(s) of the
scheme.

Yes. IN this case the government.

Those who are not so rich try to avoid taxes legally and otherwise.
  The government bonds struggle against inflation. If more investors had
Government bonds or paid their proper income taxes as under Eisenhower then
we would have much less inflation of the currency. The larger private fortunes get
the more chance that some very rich people will do there best to untermine government.

Taxes do not go into government bonds
Bo country except perhaps Norway funds social security of any sort from anything expect this years taxes and this years borrowing

You need to read "Capital in  the 21st Century" by Thomas Piketty to inform yourself.
It is a hard read. He has written a sequel but I have yet to see it. Been busy with
more entertaining matters such as breaking my ankle.
 

I think you should read it again.
"Government debt is at £2.8 trillion and Rachel Reeves is borrowing another £40bn
Britain is sleep-walking into financial Armageddon and no government or politician has the knowledge, ability or will to stop it.
The state financial system is one big pay-as-we-go Ponzi scheme. Those at the bottom, workers and businesses, contribute through taxation, while those at the top, pensioners and those on benefits, immediately withdraw the money.
There is no pot of money to fund them and nothing is put aside for a rainy day."
https://www.telegraph.co.uk/money/pensions/state-pensions/state-pension-ponzi-scheme-britain-financial-armageddon/

     bliss
 

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Groucho Marx