David_42
Registered Democrat.
- Aug 9, 2015
- 3,616
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- #521
Explain that to the overwhelming majority of the american people who support it, and since you love using anecdotal experience, every senior I've ever met who loves it. Oh, I also can't understand the nuts who want to raise the retirement age to 70, that's just cruel."The only system that never has any problems, is free-market capitalism."countries receives less from social security relative to our per capita income, than those in Chili do.
First of all its CHILE (not chili peppers)....but more importantly instead of relying on right wing sources, LEARN the problems that Chile is having with its "privatized" retirement system......Chile's system is FAILING !!!
Yes yes. I am well aware of my public education which failed to teach me spelling. I make typos and miss them constantly. Yippy skip.
As I said before, every system that is socialized has problems. The only system that never has any problems, is free-market capitalism. If I control my own money, and reap the rewards or consequences of my own choices, that system works the best. And by definition, it never poses a problem for the public.
That said... as I said before the less socialized, and more capitalist it is, the better, and the more socialized and less capitalist, the worse off it is.
Can you tell me that any of the problems faced by Chile, is even remotely close the problems faced by Greece? Not even close. Not even by the most broad measure, does Chile have even a fraction of the problems of Greece.
And I keep calling it the Chilean system, but you keep referring to specifically the country of Chile.
That's not what I mean. I'm talking about the system. The Chilean system is used in dozens of countries. Each with varying levels of privatization, but all based on the Chilean model.
Chile's Next Generation Pension Reform
Even the Social Security Administration itself, admits the system works well, and is used by many many countries.
Argentina (1994), Bolivia (1997),Colombia (1993), Costa Rica (1995), Dominican Republic (2003), El Salvador (1998), Mexico (1997), Panama (2008), Peru (1993), and Uruguay (1996).
All of these countries have adopted the Chilean system.
Are you telling me that each and every single one of these countries, all adopted a failing model, and now all of these countries are failing?
So you, mr. internet forum guy, you know better than the SSA and all these countries, that their system doesn't work.
ec.europa.eu/social/BlobServlet?docId=4853&langId=en
Even the European Commission covered the expanding and growing use of private pensions.
View attachment 49425
Only France, Spain, Malta, and Luxembourg abstain from private pensions.
Everyone else on that list, has moved towards privatizing pensions.
You are telling me, all of these countries, and all the Latin countries, everyone everywhere is wrong..... but you... you know better.
Nah, I doubt it. The evidence doesn't support it. You and your opinion article, are not right. All of them are.
You've been rehashing the same points throughout this thread, I've already addressed greece. In regards to your hilarious statement, you do realize "free market" capitalism existed in europe/america before the state had to step in? It was horrible, organized labor rose up, revolutions were had (europe) workers rose, and eventually the state stepped in with things like work safety laws, environmental regulation, the minimum wage, social security.. (Seniors were fucked before SS, that's a fact, and SS keeps tens of millions out of poverty.)
Please point out where you addressed Greece.
SS keeps many seniors from starving.
An average payout of 1000 isn't staying out of poverty (and you can spare me the it's-better-than-starving argument....it isn't).
Seniors were trapped in the changing times prior to SS.
Up until the late 1800's, they lived on farms or worked in businesses. As they grew, they were given less and less to do. But they stayed engaged. The industrial revolution marginalized them.
Unemployment amongst seniors during the Great Depression was well above the overall average (reaching as high as 60%). They needed relief.
Did we need a permanent stupid system like we have now ? No.
The system was necessary to help adapt to a change. But, true to form....once the government had it in place, they wree not changing it (materially) except to put more people on it and raise taxes for it.
Actually it's worse. Many seniors are forced by the poverty level payout of Social Security to get a job.
But when they have a job, they lose their SS benefits. Yet the wages they earn at their job, are taxed into SS. So they are paying into SS for benefits they are disqualified from getting, because they work.
Social Security is a horrific program that harms everyone.