2 ms·
Most actual immigrants are nomads, at least where I live (Western Europe), they are "passing through". They do not intend to settle permanently. Which most gove
by spwa4 2mo ago
Most actual immigrants are nomads, at least where I live (Western Europe), they are "passing through". They do not intend to settle permanently. Which most governments love, by the way, yes to income taxes, no to pensions later.
The only reason they stay is if they have no choice for some reason (e.g. Ukrainians or Russians fearing that if they go back will be sent to the front. Lots of those in the past 2 years). Issue is that a lot of them never intended to stay (and so didn't even bother to keep their visas up to date, so now the government must either)
Is it sustainable? No. Not for the governments receiving these people. Because there's still less people to take over everything from political jobs to apartments in a system that is critically dependent on constant growth.
Is it sustainable for the immigrants? No, for them it doesn't work either. The cost is no pensions later, and the issue with that is that to have a decent income to survive on, they'll need to save about a million euros per head (4% on that matches a local's "good" pension).
And yes, everybody makes financial projections as if this is not the case. Why? Doing it like that means more money to spend right now ... and for now creditors (ie. the central bank) accepts the reasoning. And the truth is, we're nowhere near the point where this system must crash. 10 or so more years, and double that in the big cities.
- pjmlp 2mo ago> Most actual immigrants are nomads, at least where I live (Western Europe), they are "passing through". They do not intend to settle permanently. Which most governments love, by the way, yes to income taxes, no to pensions later. It doesn't work like that for Europeans, your work years accumulate across European countries, we are free to collect the related portion to the paid taxes, when leaving the country, or leave everything to retirement age, at which point the social security of the official residency country will take care of collecting from across Europe, provided the necessary paperwork.
- spwa4 2mo agoAll EU countries are changing their pension systems at the same time, and not for the better. Do you really believe they won't at some point drop this? Well, I suppose the relevant question is if you're willing to be your future they won't do this, because that's what you're doing.
- pjmlp 2mo agoIt all depends on who wants to say in power, also from US point of view, even our right wing parties are socialists. Also people have to stop conflating EU with Europe,even if most of them are part of EU, it isn't the same.