Interesting. This basically explains the reluctance of the French to change their social system. They won’t end well I guess. That’s why Bayrou is not PM anymore.
It's a gerontocracy. The old people have the voting power in elections. The old people vote for the benefit of old people. Even if it's not in the interest of the whole country.
Gerontocracy 😆 Something similar holds true for Germany, in many parts of Germany, baby boomers receive shit lots of money, build 'retirement houses', absolutely unwilling to do anything with the social system, even though it is unsustainable. Plus other problems on top of that.
Interesting. This basically explains the reluctance of the French to change their social system. They won’t end well I guess. That’s why Bayrou is not PM anymore.
It's a gerontocracy. The old people have the voting power in elections. The old people vote for the benefit of old people. Even if it's not in the interest of the whole country.
Gerontocracy 😆 Something similar holds true for Germany, in many parts of Germany, baby boomers receive shit lots of money, build 'retirement houses', absolutely unwilling to do anything with the social system, even though it is unsustainable. Plus other problems on top of that.
Ooooh! I want to be a pensioner too, where do I apply?
Surprising how many Libertarians want to live off other peoples taxes.
Paywalled for me, the article (somehow without the graphic) can be read here: https://archive.is/XD1IW
Do you want a revolution, because that's how you get a revolution.
Here in New Zealand the pension is fixed at 65% of the median income.
It is not means tested, though is taxable income.