I just quoted the definition of a Ponzi scheme, hence the word "fraud". The definition of a fraud is "... fraud is intentional deception ... to gain from a victim ... unfairly" https://en.wikipedia.org/wiki/Fraud - maybe this gives another perspective what a fraud can be?..
> the first pensioners didn't invest in the system
I agree with you .. I suppose you're making my point here?
> It's also not a pyramid scheme, since the structure is upside down
The structure would be upside down if the demography was growing as expected - and that's the core of the issue, why governments have to extend the age of the retirement: the burden of the pensions is becoming unbearable relative to the amount of active people.
> there is no recruitment.
No indeed, though if you decide to live in Denmark, you are not recruited, you're forcefully enrolled in this scheme.
> ... to taint ... its receivers by associating it with a criminal undertaking is bad faith
There is no "criminal undertaking" here, the system is simply broken and you're saying things I didn't - I certainly don't blame the current pensioners, nor the active generation working for these pensioners - they are all victims of this system.
> the first pensioners didn't invest in the system
I agree with you .. I suppose you're making my point here?
> It's also not a pyramid scheme, since the structure is upside down
The structure would be upside down if the demography was growing as expected - and that's the core of the issue, why governments have to extend the age of the retirement: the burden of the pensions is becoming unbearable relative to the amount of active people.
> there is no recruitment.
No indeed, though if you decide to live in Denmark, you are not recruited, you're forcefully enrolled in this scheme.
> ... to taint ... its receivers by associating it with a criminal undertaking is bad faith
There is no "criminal undertaking" here, the system is simply broken and you're saying things I didn't - I certainly don't blame the current pensioners, nor the active generation working for these pensioners - they are all victims of this system.