Money is worth more to me now than later (not to mention the fact that young people today won't even see that money later anyways)>b-b-but you will need money when you're an old geezerThat is my problem, not yours.
because you're paying for boomer's social security, not yours. You probably won't get social security.
In every countries public pension schemes, at least that I'm aware of, your payments aren't set aside for you in the future. They're used to pay pensioneers today. Meaning it's a pyramid scheme that requires infinite population growth to function
>>60924485Tariffs are covering social security.
>>60924470Rape
>>60924470Clergy do all the time
>>60924485Yeah it’s a Ponzi scheme, and I’m not using that term hyperbolically. Don’t count on ever getting a government pension if you are millennial or younger.
>>60924495>your payments aren't set aside for you in the futureIn Canada, originally CPP (canada pension plan) was designed like that but it wasn't sustainable so in the 90s they forced income earners to increase contributions, and now CPP is partially funded: contributions still help pay current benefits, but significant surpluses are invested to ensure future sustainability.The amount paid out by CPP is a joke though, today it pays out $844/month ($609 USD), so a year or two ago they forced income earners to increase contributions even more so that theoretically we'll be able to withdraw more in retirement.Currently CPP forces you to pay $8068/year (up from $5k/year 10 years ago), but CPP2 requires additional contributions of $792/year.It's so fucked, I have to keep paying more and more into this gay retarded system than what my parents and grandparents ever did, when I still can't even afford a home, and by CPP's own metrics they under perform a passive index fund, and they just get to keep all my contributions when I die.It's not the only safety net as well, there's OAS (old age security), and GIS (guaranteed income supplement) that is paid by people working today, and you don't even had to have paid into it to get it, just lived in Canada as an adult for 20 years. And these combined can add up to $1831/month. Plus the $844 from CPP, it's a full $2675/month on top of their own pensions and investments.It's common for boomers to live in million dollar homes and fat retirement accounts and strategically withdraw it to show a "low income" and maximize the amount of OAS+GIS they get.So basically every worker in this country is paying for old retired boomers, regardless of whether they're destitute poor or already living in million dollar mansions and enjoy a comfy lifestyle that they could be affording without taking free gibs.But politicians won't touch it because the boomer vote wins elections.
