December 22, 2008 at 13:00 PM EST
Paying People Not to Work
The chickens have come home to roost and they’re scratching and pecking around the notion that there’s an endless stream of money that will flow into our personal bank accounts for as long as we shall live. Throughout my spendthrift youth my father was wont to remind me that money doesn’t grow on trees. Yet it wasn’t only me who apparently thought and acted as though it did. Everybody who set up a pension through their public or private sector employer was banking that the retirement Ponzi scheme wouldn’t collapse before they got their share. Too late; the scheme ...
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