Germany's social welfare system is on the brink of collapse, posing a long-term threat to the economy. The escalating costs of political promises are dragging down the economy with no reform in sight. Social security contributions for state pension, health, and care insurance are set to surge from the current 40.9% of gross salary to over 50% by 2050 if no reforms are implemented. This impending burden is expected to diminish the country's attractiveness for employees, potentially accelerating the exodus of highly skilled workers. Experts warn that the upcoming legislative period is critical for enacting reforms, as delaying action risks reaching a tipping point where recovery may be impossible.
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Wow! I have to believe the EU's days are numbered. Do you see parallels to the USSR in the late 1980s?
Yes, the difference is that the Soviet Union had already started out as a communist state and therefore had no economic substance. The eurozone is dying a slow death because it can fall back on decades of capital accumulation through an almost market economy system. It's like a slow external bleed
a train wreck in slow motion https://m.stacker.news/17980
Similar story in many advanced nations.
Risk of tax-burden induced brain-drain.
Yes. I choose Germany as the textbook example
I wonder how immigration affects this. I am thinking of a recent post that shared an article about Norway's immigration policies are holding up their social programs.
Poverty immigration is the accelerator
Imo, the mandatory public retirement system is one huge scam. A literal pyramid scheme that you can't opt-out of easily which additionally suffers from inflation created by the ones at the top of it.
The public health insurance is similar which additionally includes a ton of people suffering from Stockholm syndrome.
Yes,indeed
I love how i can read a post title and know who is posting it. Keep it up Tom
I would like to interprete this as positive... Thank You and have a nice day, friend
I like your style. I get you 🫂
If only someone could have seen it coming. 🫠🫠🫠
They have a run.... https://m.stacker.news/17991
It’s not to late! They can still turn this around
No. Not within this political system that is occupied by the socialist parties
Damn when I visited Germany it was a great experience. Fantastic drivers! The public transportation was great. And the people were overall nice. Hate to see this economic doom come
They'll start something better one day. Don't worry
Good post 😘