OathOfFeanor t1_je2pu12 wrote
Reply to comment by walleaterer in French authorities raided five banks on Tuesday as part of an investigation into suspected cases of massive tax fraud and money laundering, prosecutors said by DoremusJessup
The problem is the way pensions work, they just cost continually more and more money.
So we would have to permanently solve the fraud to fix the deficit. A one-time injection from a specific criminal case can't do the job.
MisterBadger t1_je2rmkz wrote
So you're saying the solution is to consistently uphold the law. Hmm. That sounds like an interesting challenge.
[deleted] t1_je3e9ea wrote
[deleted]
krad-31337 t1_je3pqzq wrote
Nothing about it is fiscally impossible let alone mathematically destined to run out of funds.
The US is not unusual. Most countries in the Western Europe use a social insurance system where current workers pay current beneficiaries - including France.
OathOfFeanor t1_je4xy6m wrote
> Something various nations have been able to avoid with their own funds.
The same way ALL pensions do, the same way France is doing now, and the same way Social Security will do: by reducing benefits.
Without that, ALL pensions are mathematically destined to fail because people withdraw more money than they originally contributed.
As time goes on all pensions increase restrictions like income caps, longer vesting periods, and reduced benefit amounts.
purpledust t1_je3nzhy wrote
Except the fed can make more money and I’m absolutely sure they will before mass strife, and the poors will be royally fucked.
To be clear: I’m a poor
[deleted] t1_je3oc46 wrote
[deleted]
purpledust t1_je5ck8l wrote
It kind of does. Wait for 40 years (not kidding); you’ll see that our money has somehow “changed” because we are, in fact, going to spend like nuts.
PoorsRFuck
Viewing a single comment thread. View all comments