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by FirmwareBurner 312 days ago
Retirements and healthcare in Singapore are based on how much each person chooses to invest in it, kinda like in Switzerland.

Meanwhile in most of Europe it's based on socialist principles where everyone receives as much as they need regardless if they didn't contribute, a system which stops working the moment you have more people using it than paying in it, basically a ponzi scheme propped up by governments and voters.