Re:Everything you know about China is wrong
by giftedbygod on Thursday August 30, 2012 @11:40AM
(#4455144)
Social insurance in Germany was Bismarck's invention. Everybody paid. One in ten lived long enough to collect any benefits. Now you will have 30% of the society to cover living cost of the other 70%. They can vote for financial pyramids in their beloved democracy as much as they want. Guess what, the ponzie schemes will still not work.
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Re:Everything you know about China is wrong
by philwelch on Thursday August 30, 2012 @12:47PM
(#4455492)
Unless you're going to send elderly people back to work, if 70% of the population is elderly then the other 30% is still going to have to work to support them--that or let them starve. It doesn't really matter how you do the accounting.