• 0 Posts
  • 69 Comments
Joined 19 days ago
cake
Cake day: December 4th, 2024

help-circle

  • This is a fundamental misunderstanding of how these funds work.

    The goal is not to pay people with the money from new people paying into the pot. They invest the money and then the pot grows and that money is used to pay out. When the pot is not growing enough - whether because investments aren’t doing well enough, or you designed a you designed an bad system where people can withdraw from it for too long, or any other many possible issues - then yes you functionally end up dipping into the money given by new people, but this is not how it was designed to be used.

    You are acting like this is a one-to-one system where you just put money in, then you get money out later, and all of the money given out is 100% the money that people put in in the first place with no intention of growing that money or finding a sustainable way of disseminating it long-term.

    Mismanagement/poorly built systems are not the same as Ponzi schemes. Unless you think, I don’t know, US Social Security is also a Ponzi scheme?












  • There are a myriad of fantastic organizations doing great work and if 5% of the disillusioned crowd got involved they’d make huge gains. They just want a single President to magic wand everything they want into existence, if they can even define what they want half the time.

    I get what you’re saying I really do but we do this same song and dance every 4 years since 2012


  • Yes it’s a privilege to be able to do what I do. But I guarantee you almost every person who goes online writing comment after comments about how “there are simply no good candidates” could’ve donated a few dollars or phone banked at least once for someone. If you ask them who they would have wanted instead they can’t even answer that because they don’t know. They just get mad at the establishment during the final hours then disappear for a few years and never try to do anything about it.