Surely A Large Human
Date registered: Jun 2006
Vehicle: '08 C219
Location: Between Earth and Mars
Mentioned: 2 Post(s)
Quoted: 539 Post(s)
They need to start teaching, in primary school and again in high school, the definition of a Ponzi scheme and examples of them in real life. Bernie Madoff, Amway/Arbonne, Social Security, etc.
Anything that is dependent upon people paying in early and cashing out later, into one big pool, is unsustainable. Shit happens, and when it does, it's not good.
The stock market, despite it's uncanny resemblance to Las Vegas casinos, is at least decent enough to tell people "Look, you're probably going to lose money." Just nobody pays attention to it, which is on them. Ponzi schemes never let on that you can lose. Like Social Security.