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People just want to adjust the system so they don’t have to work when very old. It doesn’t mean the government has to print money. You can change more than the
by speedgoose 4y ago
People just want to adjust the system so they don’t have to work when very old. It doesn’t mean the government has to print money.
You can change more than the retirement age in the equation, or change the equation.
- Aeolun 4y agoBy all means. How exactly would you go about that? You can pay people even less. Can you imagine how that would go? You can make fewer young people pay even more. You can redirect other taxes to cover the gap. You can print more money to cover the gap (until your economy collapses from interest payments). Retirement age is the least contentious variable as far as I’m concerned.
- speedgoose 4y agoIt looks like you know the potential solutions. Paying people less is a common option. You just increase their payments slower than the inflation so they don't burn the country down immediately. You can make people pay more, that's also a common option. A frequent feeling in France is that some people don't pay enough taxes. You can also redirect other taxes, the retirements pension scheme doesn't have to be a zero-sum actually. You can also print more money, because everyone does that all the time and it works well in practice. Modifying the retirement age is the lazy and capitalist way. Thankfully I'm not in charge, but I would do a bit of everything (including changing the retirement age of some category of workers).