monstermachine
Joined 6 years ago
Joined 6 years ago
These are paid articles. Most of techcrunch and other hype tech news site posts are fed by PR agencies in the background.
They get an article and list of quotes to include by a PR firm which they edit a little and post.
That is true for every welfare system based on social responsibility structure. Society pools money to pay for retirement of everyone at a fixed rate. Young people are entered into the system to fund old people's retirement today and promised that they would get funded by young people tomorrow.
This works as long as enough young people enter the system at intervals to continue the payouts except when that doesn't happen due to demographic collapse or some other reason. Think of a legal pyramid scheme.
> if the population can be stabilized (or even increased), it can be self-sustaining
Not necessarily. Many countries underestimated the life expectancy of people retired and had to run on a deficit as a result so they are taking money from pensioners of future today. They had to fix this by increasing the retirement age, cutting down benefits, removing benefits for people with private savings, etc.
They will only keep cutting. If not, it will fall.
> lots of people are leaving exactly because welfare is not good enough in the country
I see unemployment among youth as the major reason. Welfare won't be funded by unemployed.
> So again, I don't think reducing welfare will have a positive impact, in the longer term.
Reducing unsustainable welfare will because money can be used elsewhere to create jobs, attract businesses, increase employment, etc.
Most young people are migrating outside the country for any skilled jobs, huge deficit & debt, and cutting back on the promised welfare doesn't sound good to me.
You have to consider long term sustainability and practical implication.
Nordic countries, switzerland, etc which are famous for welfare systems are funded by financial systems and oil. Other countries are not. Can they afford all these generous benefits?
Even if they do have generous plan on paper, can they actually pay that 50 years in future?
Most won't. I know people from southern EU who haven't received what they were promised for pension and live in poverty today. It's only worse for future pensioners while they tax 25-30% in social security with no cap from your salary for pension and healthcare (You still need private coverage on top).
They also cut pension for people who saved money on side and accrued a livable amount ignoring their past contribution.
Which country?
Do you also get maternity leave for adoption?