Friday, June 4, 2010

Sears Fotos Navideñas

The pension problem

There is much talk of pensions at the moment, forgetting talking about essentially leftist media obliges. It's good to talk "problem" because the pension is indeed a problem. But the action of government, far from wanting to remove it, simply go around trying to "save" pensions. Why bother to save a problem?

The very idea of retirement is a communist and should be deleted. Today is deprived of liberty who want to work after 60 years, forcing those who work the most (the rich, so) to fund inactivity. It's pure and simple handouts. Pushing back the retirement age is far from being a solution. We have the right to work until age 65, age 70, but after?

The solution is the complete removal of our retirement system. It has largely proved ineffective and has no raison d'etre. Why bother to ban a 70 or 80 years from working? Many wish they could do. They say that having a Rolex 50 years, successful life. But then what? Is it enough? Are we expected to stop working once it's done? Surely not. Let us rather admirable example of people like Serge Dassault, who, at age 85, continues to earn the job: entrepreneur, Senator, Mayor, gentleman ...

And why should we continue to give money to people who do not work? Someone will be able to save resourceful throughout his life rather than begging for retirement. Investment in pension funds, for example, ensures its future, and at the same time, create wealth, because money, it works! Far from being a "retreat" by capitalization, such a system can generate a lot of money for those who entrust their money, of course, but also for those who manage these funds! It is a much better system than the "distribution", we should rather call it "theft".

That bottom most real wealth creators. Once an age where manual labor such as trader or entrepreneur becomes a bit too challenging, far from leaving the world of work, they rely on the wealth they have acquired to engage in rent. They are thus useful to society and create wealth. They are the ones that should be taken as an example rather than to tax them again and again with the FSI or the income tax, while two highly unfair.

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