What do you mean by “pension scheme”? Social security and similar programs are basically ponzi schemes, ya, but most private retirement funds just let you invest the money in stocks and/or bonds with tax benefits. Are those schemes?
I’m still not understanding your position. If you have an investment firm that offers brokerage funds and IRAs, is the IRA any more scheme-y than the brokerage fund? Or do you take issue with the idea of mutual funds as a whole?
What do you mean by “pension scheme”? Social security and similar programs are basically ponzi schemes, ya, but most private retirement funds just let you invest the money in stocks and/or bonds with tax benefits. Are those schemes?
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I’m still not understanding your position. If you have an investment firm that offers brokerage funds and IRAs, is the IRA any more scheme-y than the brokerage fund? Or do you take issue with the idea of mutual funds as a whole?
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