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then how are we going to give money to the old people now?
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So you'll just be screwing the old generation."
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So privatization is impossible.
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So those are the three most standard things people say.
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All three of them have some truth to them,
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but on the whole, they're substantially wrong, completely wrong,
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and once we clarify what stage the system is in,
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we'll be able to think about what the right solution is.
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I'm going to tell you my solution which,
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as I said, is not universally admired,
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but I'll see what you think about it.
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So the program came into effect in