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by csomar 2782 days ago
Yes. Many people cites Europe/France as a good example of retirement/healthcare and forget that the pension system is a Scam.

They are basically paying current retirees with what the current employees are paying. A state-lead Ponzi Scheme.

The system will eventually implode.

2 comments

As long as you have many young people and few old, that's a good system. Basically "taking care of your parents" but through the state in a collective manner.
Few developed countries--the US and Australia are the only exceptions I can think of--have that population structure.
So which countries would you 'cite as a good example of retirement/healthcare'?
France, Germany, Spain, etc...

Are they perfect? No, though.