Baby Boomers enjoyed a system where there were four workers for every retiree to support; today that figure is well on its way to two workers per retiree. Those two workers are supporting Medicare not just with their taxes but also with the massive, growing federal debt that they will eventually need to pay down once the Boomers are long gone.
... See moreIt’s not only unnecessary and unfair to burden a declining share of workers with higher taxes to pay out benefits to a growing share of retirees, but such a policy is particularly offensive when those on the receiving end of an income transfer are better off than those providing the transfer. Shifting to price indexing for calculating initial
Les syst èm es de retraite dans le monde varient selon les motifs de l’intervention publique Les systèmes de retraite sont très différents d’un pays à l’autre selon l’objectif qui leur est assigné et la cause du problème à résoudre. Ainsi, les États utilisant des systèmes beveridgiens*, offrant une retraite minimale universelle, ont pour objectif
... See moreAntoine Bozio • Parlons retraite en 30 questions (French Edition)
meaning that the age at which men received a state pension in the UK remained constant for almost a century—during which time, life expectancy in the UK increased by 23 years. That successive governments sat by as life expectancy climbed, leaving what is now quite predictably one of the biggest items of government spending largely untouched, is
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