points by germandiago 7 hours ago | 0 comments
I am not suggesting cutting down pensions. My own parents are pensionists... so that you get an idea.
I am giving an objective explanation in all honesty: Spain needs a pensions reform probably at some point bc it is 40% of the expenses in the yearly budget, with a deficit and a demographic deficit. This will explode.
If it can be taken from elsewhere, better.
But you know how much are pensions in Spain and know our pension system in detail (it is literally a Poncy system...)? They are often higher than people working!
Whether we like it or not, we need to reform or collapse in the future. I wish it could be taken from elsewhere, but 40% is a lot...
There is a lot of useless expenses in public work in our "federal system" (comunidades autónomas).
I agree that good reforms that involve realistic budgets and high levels of accountability are very good things. However, I encourage a lot of caution and skepticism around ideologies that inevitably lead to cuts to benefits.
The USA's pension system replaces a lower percentage of the average wage than Spain's system, and its universal healthcare for pensioners has higher exposure to out of pocket costs. Despite this, the debt to GDP ratio in the USA is higher than Spain, and there is a grand total of one government-operated high speed rail line which is barely high speed despite being 5x more populous.
That's why I encourage caution: cutting pensions won't necessarily lead you to better outcomes, it might just leave you to cut pensions with no improvement in other areas.
I know you are not suggesting cutting pensions directly but what I'm saying is that these types of comments contribute to people "voting against their own interests" so to speak.