Research on life expectancy and birth rates shows that ill health makes status quo unsustainable
  • FuckyWucky [none/use name]
    ·
    10 months ago

    Neoliberal dogshit economics. Disgusting that Guardian reporting on this is like Daily Mail.

    No wonder UK is in decline. In many ways worse than the US. Even Trump is pro-Social Security ffs.

    All societies should aim to provide first class healthcare and viable pension systems, which combine to produce high real standards of living for all citizens. The capacity to achieve those aims depends on the availability of goods and services rather than an erroneous concern about whether the currency-issuing government can afford to purchase them if available. Ensuring the availability of goods and services depends on maintaining high levels of employment and productivity as the dependency ratio rises and adopting environmentally sustainable methods of production and consumption.

    book

    increasing pension age is class warfare. the capitalists want to enure that a. there is sufficient surplus labor available to keep wages down by employing older people b. hoard more resources that could've been used for pensions.

    fun fact: one of the many wonderful things Pinochet did was raise retirement age.

  • driving_crooner@lemmy.eco.br
    ·
    10 months ago

    Raising the age of retirement is just one of the couple of ways you can reach actuarial equilibrium. The other two are lowering the retirement benefits, or raising the contributions, by the participants or by the sponsor. Everyone of those methods os as useful as the others, but the last one requires taxing, this is why you never listen to politicians talking about how thats an alternative. Tax the rich as they should be, and this is a solved problem.

  • wewbull@feddit.uk
    ·
    10 months ago

    Well. I think it was inevitable that the government Ponzi scheme collapsed. Like all such schemes, they only work when there's more people paying-in at the bottom than are extracting value at the top. Our demographics are showing that wasn't being sustained for quite a while now.

    Government pensions are sold to us as a savings fund, but they just aren't. Pension funds in general are horribly misused. Nobody in our society can bear that money placed with them to be there for some future dates should be unused.

  • Tenebris Nox@feddit.uk
    ·
    10 months ago

    OK as long as we also adopt a limitarian approach to personal wealth in the UK. Tax personal wealth above £10 million at 100%.