Hi Telmo,
On 27 Sep 2015, at 13:34, Telmo Menezes wrote:
Hi Brent,
This is common practice in Europe, it just might be more or less
blatantly done. My mother had her pension cut several times in the
last few years. Even though she payed full contributions her entire
life, at some point the state decides it needs the money for other
stuff and that's that.
Notice that in (continental) Europe social security contributions
are not an investment. Instead, the current generation of workers is
directly paying for the pensions of the current generation of
retired workers. There is simply a social contract, that the same
will be done for them when the time comes. Of course, this is highly
vulnerable to demographic changes, and that is part of what we are
seeing now. It is also highly vulnerable to mob rule. Governments
gain full control over pension funds, so they can redistribute money
as they see fit. A common strategy to get elected has been to cut
pensions from people who contributed the most money during their
working careers to give it to people who didn't so much. You never
know what will happen when the next government comes into power.
This is not to say that letting Wall Street manage pensions funds
turns out to be any better. A reasonable solution doesn't seem to
exist so far.
In Belgium we have come up with euthanasia.
But apparently it is the depressed youth which benefits of it.
"Laura" a young belgian of 24 get the right and help to be medically
'suicided' in Belgium recently. Her real name has never been given.
This suicide depress me. I am for the right of suicide, including
possible medical help or assistance, but not for a young person for a
reason of depression, in a country where known medications against
depression exist and are just not tried due to absurd prohibition law.
This is insane.
I defend euthanasia, but not with prohibition laws around.
(For possible help for severe depression, I am thinking about
Tabernanthe iboga and Salvia divinorum.
"Laura" should have tried this before. If it does not work, we can
still kill her if she ask).
Best,
Bruno
Best,
Telmo.
On Sun, Sep 27, 2015 at 6:31 AM, Brent Meeker <[email protected]>
wrote:
Bruno, do you know anything about this:
http://www.csmonitor.com/Business/The-Adam-Smith-Institute-Blog/2011/0102/European-nations-begin-seizing-private-pensions
Brent
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