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by earlyam 1203 days ago
I don't doubt you, but do you have a source? I don't know anything about the economics of France and I'm kind of interested now.
1 comments

The total net worth of all of French billionaires is ~half a trillion dollars, so it could only cover the 30 billion per year pension deficit for about 15 to 20 years if you seized 100% of their wealth (and somehow didn't cause disastrous economic side effects in the process). Not seeing anything in your first two links to support your claim, not going to bother with the other two links. I just really wish the "eat the rich" UBI crowd wasn't so innumerate.
> 30 billion per year pension deficit

> I just really wish the "eat the rich" UBI crowd wasn't so innumerate.

It was +3.2b in 2022, + 0.9m in 2021, with a slight deficit predicted in the short term and equilibrium from 2030s (average scenario)

tl;dr : it's not a big deal, and certainly not the real reason of the change in retirement age

Thanks