My retirement is based on paying ~25% of my gross income into a retirement fund, which is then spent on current retirees, and hoping that in many years, there will be enough people working to be able to pay my retirement.
If you gave europeans those 25% as an extra net pay, there would be a lot more new cars on the road, a bit more savings/investments, and a lot more problems when people get old. "Smart" people would save and invest, and have better "pensions" than they'd have in the current system, and "stupid" people would work until 85yo, and die of hunger.
My retirement is based on paying ~25% of my gross income into a retirement fund, which is then spent on current retirees, and hoping that in many years, there will be enough people working to be able to pay my retirement.
If you gave europeans those 25% as an extra net pay, there would be a lot more new cars on the road, a bit more savings/investments, and a lot more problems when people get old. "Smart" people would save and invest, and have better "pensions" than they'd have in the current system, and "stupid" people would work until 85yo, and die of hunger.