by LingDanc803 March 21, 2023
Get the You find, I fund!mug. A system by which the government guarantees all employed persons in the entire nation will get a certain percentage of their income by the time they retire.
This system has been fairly functional up until recently, with current demographic shifts making most current models unsustainable unless states increase the age at which a person may collect their pension.
This has effectively made most of these systems into a literal political time-bomb in the countries in which they have been implemented because the taxes that must be levied against individuals and the companies that employ them to pay for such funds has made it so that only the ultra wealthy or very well off can feasibly keep a private retirement fund, meaning that with every year the government increases the retirement age they are effectively forcing most of the population to work longer than they want to/are able to, which is shockingly very unpopular with voters.
This system has been fairly functional up until recently, with current demographic shifts making most current models unsustainable unless states increase the age at which a person may collect their pension.
This has effectively made most of these systems into a literal political time-bomb in the countries in which they have been implemented because the taxes that must be levied against individuals and the companies that employ them to pay for such funds has made it so that only the ultra wealthy or very well off can feasibly keep a private retirement fund, meaning that with every year the government increases the retirement age they are effectively forcing most of the population to work longer than they want to/are able to, which is shockingly very unpopular with voters.
Wealthy CEO: Oh boy I’m sure looking to retire at age 50 and leave my company to my son/daughter so they may do the same exact thing.
Average Employed Person: Damn it’s going to suck ass working until I’m 70 only to retire and have the National Pension Fund recipient age raised to 71
Average Employed Person: Damn it’s going to suck ass working until I’m 70 only to retire and have the National Pension Fund recipient age raised to 71
by Unquestionably Burdensome July 27, 2023
Get the National Pension Fundmug. by Traap dereck June 24, 2017
Get the trust fund ganstamug. What a Hedge Fund turns into when the stocks theyve shorted get squeezed, forcing them to buy the stock back at much higher prices, often losing the billions and more they took from people by shorting the stock in the first place
Damn man.....that Hedge Fund that shorted that stock turned into a Wedgie Fund when they were forced to cover their shares they sold short. The Hedge Fund manager must feel like he's got a massive wedgie up his ass crack.
by Nuttin but reality January 27, 2021
Get the wedgie fundmug. Financial institution pretending to engage in high risk / high reward quantitative investment strategies but in fact trading on insider information to get ahead of the market.
"How did Joe afford that Lamborghini?"
"Oh, he works for a hench fund now. He's going to bed with the assistants of three different CFOs and using the information he gets that way to help his fund make out like bandits."
"Oh, he works for a hench fund now. He's going to bed with the assistants of three different CFOs and using the information he gets that way to help his fund make out like bandits."
by nygeek August 30, 2012
Get the hench fundmug. by Peanutbutterjelly143 October 28, 2010
Get the Fund of Fundsmug. by Ghettopickle911 June 22, 2021
Get the Trust fundmug.