José Piñera - Reinventing Social Security for the 21st Century [1/8]

Jose Pinera
Reinventing Social Security for the 21st Century

Category:

Education

Tags:

• Chile
• Pension system

[maisantaerikakirea]

people should expose piñera...he destroy our national industry in chile as neoliberalism has no patriotic compromise and is opened to the wild competence of the merchandises, piñera privatized evrything as a result his brother the actual president of chiole cannot control the students protests of the students in debt. piñera speaks about statistics, they show cile as a stron economy (just stupid numbers) why he doesnt show the highest level of inequality created by his fucking system in Chile???

[MrReco12]

@apango2000

i can;t stand the Pinochet grub as well.

[apango2000]

What a bunch of crap.

If Piñera is the "Placido Domingo" of the pension world

Then Jack Abramoff is the "Placido Domingo" of honesty.

[joselgr]

José Piñera and the ministers of pinochet's government sold 725 state enterprises to themselves in 20 percent of their value.

This is a fact LANCHILE, IANSA etc....

[apango2000]

I have not studied the situation in those countries but the point that I'm trying to make is that privatization has not solved the problem in any of the countries that have tried it, quite the contrary it has made the situation worst.

[apango2000]

This is precious

This is what the new president of Chile had to say about the country's pension system

"Chile's social security system requires deep reforms in all sectors, because half of Chileans have no pension coverage, and of those who do, 40 percent are going to find it hard to reach the minimum level".(about 100 dollars a month!)

This new president happens to be the brother of the person peddling this hoax as a miracle that will solve the world's problems.

[vorbeigehende]

in USA probably

but in Spain, in Japan, in Germany

where taxes are already high, SS = 19,9 %

image it will double (and it will) retirement age is already 67.

[apango2000]

Simple scare tactics

Even with the dire assumptions made by the SS trustees into infinity, it would take minor adjustments in taxes, benefits, retirement age or a combination to maintain sustainability forever

Furthermore, if the dire economic assumptions used to create this artificial "crisis" were to become true, investing payroll taxes in the stock and bond markets would be the perfect recipie for loosing your shirt.

[vorbeigehende]

earning or payments?

wait till baby-boomers retire

economicshelp . org / images / micro /dependency-ratio

to get serious is really a good idea.

dependency ratio will go up. more people receive, less people pay. it's not sustainable. Especially in Europe

economicshelp . org/images/labourmarkets/devel­opment-dependence-fr-uk.gif

[apango2000]

SS just in 2008 had earnings of over 1 billion dollars, this is on top of the income from payroll taxes.

Let's get serious. There is no fraud in SS, no one is running away with your money. You pay into it and at retirement you get a benefit.