Posted by Wayne Parham [ 70.234.138.173 ] on June 03, 2006 at 15:20:07:
In Reply to: Re: Sun Microsystems posted by manualblock on June 02, 2006 at 15:31:21:
Insurance is based on statistical analysis, charging a group of people fees based on analysis that a small proportion will need to take a claim. It is designed to cover its liabilities and also generate a profit. For Social Security to work that way, more have to pay in than receive claims. This only works if the population is growing, or if those needing payments take less or die off.
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