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The Water Cooler
General Discussion
11 State Pension Funds that May Run Out of Money
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<blockquote data-quote="DirtyDawg" data-source="post: 1329965" data-attributes="member: 9113"><p>Easy fix. INFLATION.</p><p></p><p>Debase the currency to create inflation....everything costs more, more revenue is collected on since tax is calculated as a percentage. Coffers get refilled. In 20 years when you retire, the pension they promised you years ago is insignificant. The $500/month they plan on paying you won't buy you anything. That is how government silently steals your stored hard work in currency/money. Governments pay off yesterday's debts with tomorrow's inflated dollars.</p></blockquote><p></p>
[QUOTE="DirtyDawg, post: 1329965, member: 9113"] Easy fix. INFLATION. Debase the currency to create inflation....everything costs more, more revenue is collected on since tax is calculated as a percentage. Coffers get refilled. In 20 years when you retire, the pension they promised you years ago is insignificant. The $500/month they plan on paying you won't buy you anything. That is how government silently steals your stored hard work in currency/money. Governments pay off yesterday's debts with tomorrow's inflated dollars. [/QUOTE]
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11 State Pension Funds that May Run Out of Money
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