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Pensions should be paid by the government, not private companies. In this case, everything is clear: companies are trying to be as efficient, as possible (for e
by krasin 13y ago
Pensions should be paid by the government, not private companies. In this case, everything is clear: companies are trying to be as efficient, as possible (for example, by reducing labor costs), pay taxes which will be distributed by the government for the social purposes (pensions).
- robbiep 13y agoAustralia's employer-funded pension system has meant that we have around 1.5 Trillion in fully funded retirement funds which have decreased infrastructure funding costs locally and are invested internationally making Australia's superannuation sector a major player in international investments. The government can't be counted on to fully fund retirement benefits without pillaging the pile of cash, as the example in most American states shows. It's a brilliant idea and has been extremely successful.