I have no comment on the issue at hand, but I've got to give it to the French for their always impressive level of civil engagement. It feels like Americans are far less willing to take to the streets to support/oppose political causes than they were in times past, and I think that's a shame.
French workers protest plan to increase retirement age
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Re: French workers protest plan to increase retirement age
#12That's what you get when 60%+ of the wealth generated in the last two years went to the top 1% and you ask the bottom 80% to work two years longer to cover for an imaginary deficit fyi taxing the 40 richest people in France 2% more would cover the same amount of money as having the entire active population work 2 more years. edit: since it's not clear, I'm talking about pension related debt (the main argument of the…
France's deficit is not imaginary. Yes, taxing the right people the right amounts (and successfully getting them to pay) would solve the problem, but the hole that needs to be plugged is 100% real.
> France's deficit is not imaginary
The deficit due to the pension system*, even the governmental agency in charge of it said so
Re: French workers protest plan to increase retirement age
#13It's nice to see a populace willing to defend itself from the ruling class. If only we had this kind of organizational capability in the US.
Re: French workers protest plan to increase retirement age
#14And when Australia moves the retirement age to 67... nothing happens. They're already talking about moving it to 69, to pay for stuff like US nuclear submarines and even paying the French $830,000,000 to NOT buy their nuclear submarines!
We can all learn A LOT from how the French hold their elected representatives accountable, and don't let them get away with BS.
Re: French workers protest plan to increase retirement age
#15Earlier quoted context omitted.
France's deficit is not imaginary. Yes, taxing the right people the right amounts (and successfully getting them to pay) would solve the problem, but the hole that needs to be plugged is 100% real.
> France's deficit is not imaginary The deficit due to the pension system*, even the governmental agency in charge of it said so
So there is a hole?
Re: French workers protest plan to increase retirement age
#16My wife and I only just started putting money away for retirement. It took us until 40 to get to a financial position where we could. At this rate, we can retire eventually, but it will always be tight. Likely looking at 70 at the earliest.. That's if no one has a major health crisis.
Re: French workers protest plan to increase retirement age
#17That's what you get when 60%+ of the wealth generated in the last two years went to the top 1% and you ask the bottom 80% to work two years longer to cover for an imaginary deficit fyi taxing the 40 richest people in France 2% more would cover the same amount of money as having the entire active population work 2 more years. edit: since it's not clear, I'm talking about pension related debt (the main argument of the…
Or maybe the poorer parts of society should stop trying to be overeliant on the tax levied on a minority of skilled earners (so no trust fund kids) creating welfarism/populism, breaking the fabric of society (as in ancient Rome),incentivizing emigration/delocalization of taxbase; and try to be more selfsufficient from a budget stanpoint, like having a self-funded pension system, that in France case would be increasing contribution, raising retirement age, linking pension output to having kids (to stabilize age pyramid)
here France revenues brakdown: https://www.oecd.org/tax/revenue-statistics-france.pdf
Re: French workers protest plan to increase retirement age
#18That's what you get when 60%+ of the wealth generated in the last two years went to the top 1% and you ask the bottom 80% to work two years longer to cover for an imaginary deficit fyi taxing the 40 richest people in France 2% more would cover the same amount of money as having the entire active population work 2 more years. edit: since it's not clear, I'm talking about pension related debt (the main argument of the…
No, this is what happens when you make almost the entire population dependent on the state for retirement, it makes changes and cuts difficult and limits the options the country has to adapt to changing economic, demographic, and other circumstances. Kind of like how at the start of COVID in the US there were arguments like "We can't close down schools because poor kids won't be able to get their free school lunches.…
Don’t worry, those free school lunches won’t last for much longer at the rate things are going.
Re: French workers protest plan to increase retirement age
#19That's what you get when 60%+ of the wealth generated in the last two years went to the top 1% and you ask the bottom 80% to work two years longer to cover for an imaginary deficit fyi taxing the 40 richest people in France 2% more would cover the same amount of money as having the entire active population work 2 more years. edit: since it's not clear, I'm talking about pension related debt (the main argument of the…
I don't doubt you, but do you have a source? I don't know anything about the economics of France and I'm kind of interested now.
Re: French workers protest plan to increase retirement age
#20That's what you get when 60%+ of the wealth generated in the last two years went to the top 1% and you ask the bottom 80% to work two years longer to cover for an imaginary deficit fyi taxing the 40 richest people in France 2% more would cover the same amount of money as having the entire active population work 2 more years. edit: since it's not clear, I'm talking about pension related debt (the main argument of the…
No, this is what happens when you make almost the entire population dependent on the state for retirement, it makes changes and cuts difficult and limits the options the country has to adapt to changing economic, demographic, and other circumstances. Kind of like how at the start of COVID in the US there were arguments like "We can't close down schools because poor kids won't be able to get their free school lunches.…
Yes, much better to leave them to their own devices. Then the state is free to just let those inconvenient poor people die.