Prunestand t1_j44z2it wrote on January 13, 2023 at 4:55 AM

Reply to comment by xybet in Walmart cashier, 82, retires after TikTok raises $100,000 by greatestmofo

>You think the money the government took to do the same thing is somehow immune to that? It's value will crash just the same.

The money the government took will certainly have less risk, yes. You may be the unlucky one to choose a bad portfolio, but everyone shares the loss with the money the government took. It's essentially just spreading the risk among the whole economy.

You might lose your savings because your stocks crash, but it takes the whole market crashing to lose the money the government has invested. Governments may also have better leverage to protect assets from crashing than you individually have.

xybet t1_j451wts wrote on January 13, 2023 at 5:21 AM

It's not like the government takes all taxes and piles them up to have leverage. Pension system is built like shit, and its handled as it's own thing, just like any company would handle it's own investment money separately, it's invested just the same and will crash the same.

The only leverage a government has against crashing money value, is if they have their own currency and availability to print more to regulate.

Like I said, I live in Finland, which probably has one of the best social safety net systems built and I've been trying to tell you it doesn't work that way, it's built in a way that will crash just the same, wont sustain growing population and abuse. I worked in KELA for 2 years, which literally is short for national pension institute. (KansanEläkeLAitos)

I'm just guessing since you don't have this system you have no idea how it works and have imagined up a working better system, but it's not like that in reality.

Best of luck with your pension though I'm done talking about this.