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BroDrillard (brodrillard@nicecrew.digital)'s status on Wednesday, 19-Jul-2023 04:17:45 JSTBroDrillard Correct. Pension funds that people pay in, but politicians can't loot (to buy votes) can work perfectly fine.
The problem with most western state pension systems is that they are pay as you go systems - instead of collecting the contributions and putting them aside from the start.