Formerly About Advanced Micro Devices Message Board

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Politics : Formerly About Advanced Micro Devices

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To: Road Walker who wrote (211698)	11/15/2004 11:34:04 PM
From: TimF	Read Replies (2) of 1573430

"Pyramid scheme" is a cute negative phrase, but doesn't describe SS. Sometimes (as now) it is over-funded, sometimes it is under-funded, depending on demographics. It is somewhat accurate. Social Security like any Pyramid scheme relies on new entrants to pay off the recipients. If the population is growing fast enough, and if the government can force people in to the scheme it can work for a long time, certainly much longer than most schemes. But the trend in population growth is headed down. We not only have to deal with the retirement of the baby boomers (which will put a huge strain on the system) but with the longer run reduction in fertility. Even if we can somehow get past the baby boom the only ways to deal with the even longer term problem is to increase our birth rate (or our rate of bringing in productive immigrants) or to have productivity grow at a very good clip indefinitly. Tim

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