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French workers protest plan to increase retirement age

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21–30 of 835 posts

Re: French workers protest plan to increase retirement age

#21
post #12

Earlier quoted context omitted.

> 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?

According to Macron, yes. According to the people in charge of determining if there is one, no

Re: French workers protest plan to increase retirement age

#22
post #17
post #2

That'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 increasin…

So what the US is doing ?

I don't feel like they're doing much better, especially for the bottom 30%

Re: French workers protest plan to increase retirement age

#23
post #17
post #2

That'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 increasin…

"skilled earners" here being a euphemism for inherited wealth oligarchs and trust fund kiddies, or are we pretending wage earing individuals are included in the top 1%?

Re: French workers protest plan to increase retirement age

#24
post #22
post #17

Earlier quoted context omitted.

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 increasin…

So what the US is doing ? I don't feel like they're doing much better, especially for the bottom 30%

They aren't doing any better, and for the same reasons.

Re: French workers protest plan to increase retirement age

#25
post #2

That'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…

Wealth was not generated, prices rose. Those are valuations, they did not come out of the pockets of the workers. A wealth tax would suppress those prices, not to mention capital flight. It just does not work. If it did, everyone would do it.

Re: French workers protest plan to increase retirement age

#26
post #14

And 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.

In France, most people have to work until 67 if they want to get the full retirement benefit; that's a vastly overlooked fact of the current debate.

Re: French workers protest plan to increase retirement age

#27
post #4

A wealth tax (instead of income tax) is the best way to reverse the capital hoarding which is destroying modern society. Go after their assets.

that and eliminating the creation of money out of thin air to generate the famous healty 2% inflation, the money injected into the financial system tend to go to the connected and financial worthy aka already rich, creating bubbles and cheating society. A 2% wealth tax would be more equitable

Re: French workers protest plan to increase retirement age

#28
post #4

A wealth tax (instead of income tax) is the best way to reverse the capital hoarding which is destroying modern society. Go after their assets.

Impressive to pack so many assumptions in such a short comment.

- wealth tax is the best way

- capital hoarding is a thing

- capital hoarding is destroying modern society

Re: French workers protest plan to increase retirement age

#29
post #2

That'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.…

I'm talking about pension related debt, not the entire national debt

> 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."

You should ask yourself why kids can't get their basic needs such as nutrition covered then...

Re: French workers protest plan to increase retirement age

#30
post #7
post #4

A wealth tax (instead of income tax) is the best way to reverse the capital hoarding which is destroying modern society. Go after their assets.

We have a tiny wealth tax in Norway, so now the richest are moving to Switzerland.

Switzerland also has a tiny wealth tax for all residents
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