More than a million workers turn put to protest Macron's latest pension reforms.
(www.zerohedge.com)
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Macron won re-election recently by a surprisingly large margin.
I am certain atleast some of these workers protesting now actually voted for Macron because they could never vote for "far right" LePen.
Democracy moment.
People are taken aback that they're actually getting what they've voted for, for a change. :D
She's a feminist?
Not surprised. The Italian macaroni seems to be barely moving the needle. Someone check her bank accounts.
Lockdowns and Globalism aren't free. They aren't profitable short or long term.
In fact, the price is absolute and payments stop at extinction.
P.S. : Nice Arab flag and "climate crisis" banner. The West is being murdered.
your thing can never be about your thing, it must be about my thing.
And this protest will achieve nothing like all the other ones
The changes are needed. If people want to retire sooner than 64, they can save their own money for retirement. People who rely on the government to fund their retirement are worthless humans anyway.
Except that in France contributing to the government pension scheme is mandatory. So people who might have been in a position to retire early if they hadn't been forced to pay hundreds of Euro per paycheck into the national pension plan are now required to wait even longer before getting any of their own money back.
I know this is the argument. I know the argument well. I work in finance and can run circles around investment bankers in financial analysis...
I can tell you that the vast majority of people, if they weren't paying into a government pension, would likely have 0 pension at around 64yo. The people who have the discipline and expertise to have saved that money in a way better than the government, in most cases, already have money on-top of the government pension for their retirement and this change is going to have virtually 0 impact on their ability to retire.
The people this hurts the most is average people who are 100% reliant on the government for their retirement and in a lot of these scenarios, what they actually paid into the system is less than the value they're getting out of it, which is why a change like this ends up being needed.
If this change isn't made, all that happens is you kick the can down the road and younger people end up suffering significantly more by perhaps needing to retire 4 years later so their parents can retire a couple years earlier.
I assume that you are forced to pay for pension in France. You pay under the assumption that you are getting that money back after a certain age.
I would be pissed if someone changed the terms of that agreement.
This is why I would rather invest my money now and make sure I have some form of income during old age rather then rely on the state/ government but what do you do when you are forced by the government to pay in to those black holes they call pension funds.
I would like to retire at 60, hopefully have grandkids that I can help out with. I would be pissed if the government would stop me to do that.