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Pensions schemes as invented in the 20th century are essentially ponzi schemes which are fundamentally unfundable. If you are born in the West after 1980 do no
by thecopy 3y ago
Pensions schemes as invented in the 20th century are essentially ponzi schemes which are fundamentally unfundable. If you are born in the West after 1980 do no expect your government pension to provide any sort of significant income after retirement. Especially considering the demographical changes in the western world - there will not be enough workers paying for the retired population.
- southerntofu 3y agoI don't expect to have a retirement, but not due to demographic factors. I don't expect to have a retirement because Sarkozy then Macron have reformed the pension system despite quasi-unanimous opposition across the political spectrum. They are taking it away from us, and short of an actual revolution there's nothing we can do about it. However, it's important to note that the equation cannot be equated to euros and jobs. As i previously mentioned, due to the increase in productivity in the past centuries, it's now possible to feed and house the entire population with lesser people working these fields. If a government wanted to find a solution, they would at least study the emergence of bullshit jobs, what jobs are actually "essential" (as they said during COVID lockdowns) and how to better share the actual workload and benefits across society.