Pension funds I'd kind of understand, on the other hand there is a huge generational conflict, the pensioners that rely on this in many places are actually the comparatively rich older people.
Who do you think gives money to VCs, private equity and other finance boogeymen? It’s pension funds, banks and other institutions that hold regular people's money. Of course, older people have more savings, but its still the same people that you wanted to help in the first place, aren't they?
Pension funds I'd kind of understand, on the other hand there is a huge generational conflict, the pensioners that rely on this in many places are actually the comparatively rich older people.