Our modern 'retirement' system is one of the greatest failures of our Civilization. We confiscate a significant portion of the income of the young and producti

Our modern 'retirement' system is one of the greatest failures of our Civilization. We confiscate a significant portion of the income of the young and productive, and direct it so that a certain generation can sit rich and idle for decades. We would be better to abandon pensions, and direct the savings to eliminating sales and payroll taxes, to reduce Cost of Living and encourage work. The expectation should be that you keep working until you are physically incapable of doing so (where a medical disability payment is available), whilst being able to enjoy the fruits of your labor from lower taxes. There's significant evidence that work maintains the body and mind in old age anyway.