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> you've been had You're right: that is rather impolite. > what happened to the rest of us? Pensions are a fundamentally stupid system. You shouldn't be depe
by morgante 11y ago
> you've been had
You're right: that is rather impolite.
> what happened to the rest of us?
Pensions are a fundamentally stupid system. You shouldn't be depending on an employer to fulfill a defined benefit. Even if everything works perfectly (ie. the employer remains solvent and doesn't raid its pension fund), it provides a HUGE disincentive against pursuing job opportunities or entrepreneurship.
The solution is that everyone should be saving for themselves. I fail to see the "con" in people saving for their own retirement.
The con is that pensioners can use the threat of violence to force me to simultaneously save for my own retirement and pay for theirs when they never saved a penny.
Even if defined benefit pensions still existed, I would never get one as I have precisely 0 interest in working for the same employer 10+ years. I don't see why I should be forced to pay for people who are lifers.
- Frondo 11y agoPensions are a fundamentally stupid system? Great, I can get behind that. So is employer-supplied health care. Let's replace them both with a real national pension system and a real national health care system. You're right, people shouldn't have to depend on an employer for retirement (or health care)--that should be up to our government to provide us. As for "violence," I have no idea what you're talking about, unless you're actually suggesting that the pensioners are wheeling their walkers up to you and shaking you down. Remember, taxation isn't violence.