Earlier quoted context omitted.
How is it not a Ponzi scheme? You need more people to fund the previous beneficiaries. You think the math works if the population never increases? Consider how you’d fund it if the population decreased and immigration did not exist.
So in your mind Charles Ponzi innovated the principle of factoring in the likelihood of growth into economic planning? And any investment that is premised on that growth is thus a Ponzi scheme? I guess we can use words however we want, sure. Also, again, lol that roads pass this criteria. No expectation of growth and expanding tax bases there...
Do you have an actual rebuttal?