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You could do defined contribution that way. People just wouldn’t have to be really frugal in retirement.
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You could do defined contribution that way. People just wouldn’t have to be really frugal in retirement.
yeah, most of Europe , if not all, is current workers paying for retirees, of course, if you tried to do a US-style system, I don't know if people would go for it because Europeans are, generally, terrified of investing, they just want their cash in the bank with 1% interest