Denmark raises retirement age to 70 — the highest in Europe
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They never leave, that's propaganda from the rich class (Massachusetts passed a millionaires tax and I saw in person this to be a bunch of bologna). They obviously live there for reasons other than taxes.
They definitely do.
During the financial crisis in the 90's, Sweden was close to defaulting due to the rich moving their wealth out of Sweden.
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Congrats on retirement! What are you planning on doing with your newfound freedom?
This is America, work a different job.
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What if they're paying their share/most of their share of taxes now, but a change pushes them into not doing so? These things ar enot all-or-nothing.
In something like Denmark's case, I could see an argument. In the US? Rich people pay nearly nothing, so I think forcing them to pay taxes is a slam dunk
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I hate this argument.
If they're not paying their fair share of taxes then leaving is beneficial. It's like saying "yeah but if you ask the thieves to pay for their stolen goods they might leave the store"
Totally agree with you, im 41 and all my live i head this shit excuse innmy country that the billonaires takes all their money and fly, so we need to shit all the people only to save a small group of billonaires for nothing, they never fly away, it more expensive than taxes but, you know, the assholes thinks that defending billonaires could give them money
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Denmark is set to have the highest retirement age in Europe, after lawmakers voted to raise it to 70.
Parliamentarians passed a bill mandating the rise on Thursday, with 81 votes in favor and 21 against.
The new law will apply to people born after December 31, 1970. The current retirement age is 67 on average, but it can go up to 69 for those born on January 1, 1967, or later.
The rise is needed in order to be able to “afford proper welfare for future generations,” employment minister Ane Halsboe-Jørgensen said in a press release Thursday.
So this rise for Denmark does not kick in on people born before 1970, so it does not count for baby boomers or the oldest and usually wealthiest sub set of Gen X. Oh, also Danish politicians can still retire at 60 right?
This is fairly typical with these age rises, applies to everybody BUT the largest group who have caused all the problem by being the largest group and who often haven't paid their fair share in a lot of schemes as a lot of state pension schemes are a Ponzi scheme rather than an actual investment fund, including the Danes as its paid directly out of taxation.
This means all the poor fucks who will now retire later will still be paying for that largest ever group to retire at an earlier age.
What is particularly insidious with this type of change is that the private pension age has also been raised for people in the UK. This means even if you can afford to you cant take it as early as you once could. Absolutely done because they will be means testing the UK state pension at some point.
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It's of benefit to society to reduce the dependency ratio (the ratio of non-working to working people)
If the number of people the government needs to support with state pensions rises, but the working age population doesn't rise nearly as much, government finances become more and more pinched
This does nothing for the current problem, which is the single largest group of people, Boomers, needing their State Pension paid, as Denmark is paid for out of general taxation, and these changes do not apply to this group, as it only applies to some of Gen X and younger. This is the same group PAYING for the boomers retirement, so they being asked to pay more than ever before and getting fucked over with the higher retirement age.
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I think the average lifespan in America is 67.
People would be truly working until death, there.
I mean US retirement age is 67, so we're doing that already.
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Part of it makes sense. We live longer and longer, retirement age is something that needs to be adjusted with the human lifespan.
The problem is that our idea of what "work" should be is so awful that people look forward to retiring, and logically complain if they are denied the opportunity.
We live longer and longer, retirement age is something that needs to be adjusted with the human lifespan.
I think it has more to do with the baby boom right after 1945. If those older people retire, there isn't enough younger generation to support them, so more people need to work longer, so we don't get too many retired people all at once.
I think it's more of a "can we support the retired" kind of issue - not just "muh money". It's a little more nuanced than that.
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We’ve reached a point where my retirement plan involves suicide. It’s cheaper and I don’t want to go through all the health issues my parents are. Go to any nursing home and look at all the people so drugged up they have no idea where they are. People are just miserable and don’t even comprehend what is happening. That’s not living. That’s being kept alive by your family cause they are selfish.
What spooks me is that most of the people currently living in these institutions likely would have had the exact same thoughts when they were younger.
The vast majority apparently fail to follow up. Will you? Will I?
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This does nothing for the current problem, which is the single largest group of people, Boomers, needing their State Pension paid, as Denmark is paid for out of general taxation, and these changes do not apply to this group, as it only applies to some of Gen X and younger. This is the same group PAYING for the boomers retirement, so they being asked to pay more than ever before and getting fucked over with the higher retirement age.
The high dependency ratio is going to continue to be a problem for quite a while. The time to solve the aging population problem was decades ago when their could have been policy to create budget surpluses, so that the boomer generation paid for its own care. But that didn't happen and we can't go back in time to fix it. All solutions now suck because that opportunity has been lost: you can screw the boomers by leaving them to die covered in bedsores and filth, or you can screw the younger generations by making them pay for care, or some combination.
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The high dependency ratio is going to continue to be a problem for quite a while. The time to solve the aging population problem was decades ago when their could have been policy to create budget surpluses, so that the boomer generation paid for its own care. But that didn't happen and we can't go back in time to fix it. All solutions now suck because that opportunity has been lost: you can screw the boomers by leaving them to die covered in bedsores and filth, or you can screw the younger generations by making them pay for care, or some combination.
None of which is tied to raising the retirement age for the younger groups, this does fuck all to fix the actual problem.
None of which is tied to medical or elder care for the Danes, this is also mostly funded by taxation, again mostly paid by the young.
The actual solution is to start means testing Ponzi scheme state pension funds with a tapered reduction based on private pension income. However that will never every happen to this particular group as they are the largest single group, and this will be a single issue voting matter for them as they are in the middle of retiring.
Social care should be self funded by the government forcing sell off, of assets like the home, for those that can for this generation.
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They definitely do.
During the financial crisis in the 90's, Sweden was close to defaulting due to the rich moving their wealth out of Sweden.
I would want to understand that data, as it was a lot easier to just say things are happening in the 90s than today. The rich tried to say this would happen 3 years ago too. However, in the current police state in America where there is no privacy for anyone, we have a concrete example of raising the taxes on the parasite class and there was no data to back this claim.
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We’ve reached a point where my retirement plan involves suicide. It’s cheaper and I don’t want to go through all the health issues my parents are. Go to any nursing home and look at all the people so drugged up they have no idea where they are. People are just miserable and don’t even comprehend what is happening. That’s not living. That’s being kept alive by your family cause they are selfish.
That's why you have euthanasia laws in some countries. It allows you to say goodbye with dignity while you are still sane. For example, if you get diagnosed with an aggressive and untreatable cancer, it allows you to say farewell to your loved ones before you become a husk of your former self simply waiting to die.
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So this rise for Denmark does not kick in on people born before 1970, so it does not count for baby boomers or the oldest and usually wealthiest sub set of Gen X. Oh, also Danish politicians can still retire at 60 right?
This is fairly typical with these age rises, applies to everybody BUT the largest group who have caused all the problem by being the largest group and who often haven't paid their fair share in a lot of schemes as a lot of state pension schemes are a Ponzi scheme rather than an actual investment fund, including the Danes as its paid directly out of taxation.
This means all the poor fucks who will now retire later will still be paying for that largest ever group to retire at an earlier age.
What is particularly insidious with this type of change is that the private pension age has also been raised for people in the UK. This means even if you can afford to you cant take it as early as you once could. Absolutely done because they will be means testing the UK state pension at some point.
I generally think all politicians should be forced to retire from political work by at most 60yo.
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Denmark is set to have the highest retirement age in Europe, after lawmakers voted to raise it to 70.
Parliamentarians passed a bill mandating the rise on Thursday, with 81 votes in favor and 21 against.
The new law will apply to people born after December 31, 1970. The current retirement age is 67 on average, but it can go up to 69 for those born on January 1, 1967, or later.
The rise is needed in order to be able to “afford proper welfare for future generations,” employment minister Ane Halsboe-Jørgensen said in a press release Thursday.
In Iceland we have massive pension funds where people pay for their own retirement.
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I generally think all politicians should be forced to retire from political work by at most 60yo.
I agree, also term limits for all of them.
However its egregious for them to be raising the mandatory retirement age for everybody else while leaving their volentary retirement age where it is, and with a particularly fat pension, its about £4k a month for only twenty years of service.
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Denmark is set to have the highest retirement age in Europe, after lawmakers voted to raise it to 70.
Parliamentarians passed a bill mandating the rise on Thursday, with 81 votes in favor and 21 against.
The new law will apply to people born after December 31, 1970. The current retirement age is 67 on average, but it can go up to 69 for those born on January 1, 1967, or later.
The rise is needed in order to be able to “afford proper welfare for future generations,” employment minister Ane Halsboe-Jørgensen said in a press release Thursday.
in this thread: Americans who have absolutely no idea what society looks like in Denmark. Or anywhere outside of the US actually.
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So this rise for Denmark does not kick in on people born before 1970, so it does not count for baby boomers or the oldest and usually wealthiest sub set of Gen X. Oh, also Danish politicians can still retire at 60 right?
This is fairly typical with these age rises, applies to everybody BUT the largest group who have caused all the problem by being the largest group and who often haven't paid their fair share in a lot of schemes as a lot of state pension schemes are a Ponzi scheme rather than an actual investment fund, including the Danes as its paid directly out of taxation.
This means all the poor fucks who will now retire later will still be paying for that largest ever group to retire at an earlier age.
What is particularly insidious with this type of change is that the private pension age has also been raised for people in the UK. This means even if you can afford to you cant take it as early as you once could. Absolutely done because they will be means testing the UK state pension at some point.
Danish millennials and gen xers who work in retirement or old age support roles should change careers. And zers and alphas getting into it should consider hiatuses.
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I mean US retirement age is 67, so we're doing that already.
Heh. "67 SO FAR" -- homer
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I mean US retirement age is 67, so we're doing that already.
You guys are retiring?
