Always worth posting that too,
noun
1.something that is owed or that one is bound to pay to or perform for another:
2.a liability or obligation to pay or render something:
3.the condition of being under such an obligation:
Yep, Pensions are debts
- to be under obligation to pay or repay:
2.to be in debt to:
Owe is always worth a look.
If you’ve paid for your pension up front, you have a debt.
liabilities.
moneys owed; debts or pecuniary obligations (opposed to assets ).
Accounting. liabilities as detailed on a balance sheet, especially in relation to assets and capital.
Again exactly matching pensions.
SO I’ll sign off too.
What’s very interesting is that people who are pro state won’t admit that people have paid the state vast amounts of money. They won’t admit that people are owed a pension for those payments in.
The question is why? It’s quite simple. If people were to know how much was owed in total, the would realize they won’t be paid, and the ponzi collapses.
It’s worse of course. There is something called opportunity cost. That’s what you have lost when you compare what the state offers against what you could have had if your money had been invested and you owned the wealth.
That’s truly horrific, when you make the comparison.
It is however, the only chance of mitigating a disaster.
