"..In the United States, Europe and Japan, politicians have spent six decades running massive Ponzi schemes using the word "taxes" rather than "borrowing" to keep them off the books. This secured oldsters' votes and kept youngsters on board with promises of future benefits. Today, however, there are too few youngsters to pay the oldsters and people are starting to see "pay as you go" for what it is -- take
as you go..." (Laurence Kotlikoff, economista)
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