zlacker

> "Pension fund" as in gigantic ponzi scheme that requires 30% of the state‘s yearly budget

Why is that a problem? At macro scale you can't really save money. As long as the pension payouts are somewhat balanced to pay ins each year it is kinda fine.

>>rightb+(OP)
It is a problem once the ratio of money in to money out diverges from previous projections, such as due to unbudgeted increases in proportions of non working and/or lower earning populations.

Then you have to start adjusting the money in (higher taxes) and money out (reduced benefits), and different people in different ages/income/wealth levels start having different opinions.