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The reason for pensions is that people don't generally invest enough money unless they legally have to. Then the state is stuck picking up the bill for homeles
by Hjfrf 5y ago
The reason for pensions is that people don't generally invest enough money unless they legally have to.
Then the state is stuck picking up the bill for homelessness and healthcare and crime.
- lotsofpulp 5y agoThe states do not invest enough money either. And they do not legally have to (they are exempt from all the DB pension funding rules that apply to non government entities).
- jdavis703 5y agoOld people barely commit any crimes and Medicare is already a right… Most retired people (pension or not) can’t afford private health insurance.
- inglor_cz 5y ago"people don't generally invest enough money" Looking at the exploding sovereign debt around the world, this seems to be true on the governmental level as well. At least if we speak about "own" money instead of "owed" money. The EU has basically given up on Maastricht stability criteria for the euro by now. "No more than 60 per cent of GDP in debt" is about as reachable as the Moon for most members.