You gotta start somewhere. Whether living here or somewhere else like Australia or the U.K., I'd be rather outraged at having to throw a large chunk of my paycheck out for the sake of old people that didn't invest properly.DrunkFace wrote:
Which to do effectively would take more then a generation and probably 2. Australia started it in the mid 80s and are still paying lots of pensions.Turquoise wrote:
Phase it out basically. And raising taxes sometimes works too.Kmar wrote:
zeek, do you guys pay into your socialized pension all of your adult life like we do? If so how in the hell can turq say just to "scrap it". He might as well just say raise taxes. Same thing.
As this most recent recession shows us, socialized pensions are a net loss for society in terms of expenses vs. tax revenue.