The Australian exchange student criticized the funded pension system. Society has known for 50 years that, in his view, it is akin to a criminal Ponzi scheme and will collapse sooner or later. At the same time, there has been no move towards full capital funding or complete privatization. He predicted that by 2040, 46 percent of tax revenues would flow directly into pensions, and pension contributions would rise to nearly 24 percent. He described this development as economic suicide. #Rente #Gesellschaft #Wirtschaft (translated)


