2 ms·
> If pensions are inherently unsustainable then you must conclude that it is unsustainable for a society to care for itself. How do you figure? It is unsustai
by sheepmullet 8y ago
> If pensions are inherently unsustainable then you must conclude that it is unsustainable for a society to care for itself.
How do you figure?
It is unsustainable for us to support all people over e.g. 60. But we can support the 5% over 60 who really need the support and can't look after themselves.
- sykhic 8y agoSupporting that 5% who really need it would effectively be a means tested pension system. The point of a pension (retirement savings) is to prevent masses of destitute elders. The goal is to have a society in which masses of elderly are not left without means to live at a reasonable standard. That’s the purpose of a pension system. If the goal can be effectively accomplished in another way then I support it. I’m not personally tied to the notion of a pension system.