J
JamesDragonrider
All worlds
16 Feb 2024 15:00Link
Social Security is reportedly a good thing in the game.
It is not, however, the same as what the USA calls Social Security.
Social Security in the USA was set up like an insurance policy, at least that was how it was sold. Workers pay in, and upon retirement, they collect back some funds to help ensure they can make ends meet after retirement.
It was never intended to be a living wage, or at least: never sold as such.
It was also set up so that it would kick in about at the end of life expectancy, so that (at the time) you had 30 people paying in for each person taking out.
With that, there was no need to hold on to the funds, and invest them.
They simply paid out from what the others paid in. In this sense, it was really just a Ponzi Scheme.
Welfare, on the other hand, was set up to take care of those who couldn't work. The game has rolled welfare into the SS system.
Strangely: Those in
It is not, however, the same as what the USA calls Social Security.
Social Security in the USA was set up like an insurance policy, at least that was how it was sold. Workers pay in, and upon retirement, they collect back some funds to help ensure they can make ends meet after retirement.
It was never intended to be a living wage, or at least: never sold as such.
It was also set up so that it would kick in about at the end of life expectancy, so that (at the time) you had 30 people paying in for each person taking out.
With that, there was no need to hold on to the funds, and invest them.
They simply paid out from what the others paid in. In this sense, it was really just a Ponzi Scheme.
Welfare, on the other hand, was set up to take care of those who couldn't work. The game has rolled welfare into the SS system.
Strangely: Those in
T
Taurus Froth
All worlds
16 Feb 2024 21:09Link
Did you used to play under the name Manny?
J
JamesDragonrider
All worlds
17 Feb 2024 04:19Link
Nope, I did not.
Frankly, I don't recall what name I played under, it has been so long, but it might have been something like Bailin, which I've used for many decades in various games.
Frankly, I don't recall what name I played under, it has been so long, but it might have been something like Bailin, which I've used for many decades in various games.