Hacker News
new
|
past
|
comments
|
ask
|
show
|
jobs
|
submit
login
kaonashi
on Dec 8, 2014
|
parent
|
context
|
favorite
| on:
Why I’m Giving Up My Passport
When you strip away the financial facade, what remains is current workers providing surplus output for retirees to consume.
mikeash
on Dec 8, 2014
[–]
That's true, but it's also true of any savings scheme, and any scheme where retirees exist, public or private.
kaonashi
on Dec 9, 2014
|
parent
[–]
Yes, the differences between them being how much they provision. Social Security allots more of the surplus to retirees than the previous status quo.
Consider applying for YC's Fall 2026 batch!
Applications
are open till July 27.
Guidelines
|
FAQ
|
Lists
|
API
|
Security
|
Legal
|
Apply to YC
|
Contact
Search:
