This may be out of date now, but friends in Singapore told me about their system and it sounded like a good idea. They have a low base tax rate but permanent r

This may be out of date now, but friends in Singapore told me about their system and it sounded like a good idea. They have a low base tax rate but permanent residents and citizens have to pay ~20% into a fund. They could withdraw from it to buy housing or for a pension. It could also be withdrawn if you leave Singapore. It feels like that’s what we need in Europe.