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Thread: Swedes Should Work Until Theyre 75: Reinfeldt

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    Swedes Should Work Until Theyre 75: Reinfeldt

    Swedish prime minister Fredrik Reinfeldt thinks that Swedes need to be prepared to work a lot longer than they do today in order to keep the same living standard as when they were working.

    The pensions scheme isnt based on magic. It is a welfare ambition based on large-scale re-distribution and citizens own work. If people think that we can live longer and shorten our work life, then pensions will get lower, Reinfeldt said in an interview with daily Dagens Nyheter (DN).

    According to Reinfeldt, the expectation to retire at 65 is a problem in Sweden today.

    He thinks that Swedes may have to stretch their working life to 75 years of age in order to keep the same living standard. Not many would be willing to sacrifice the way they live, he said to the paper.

    Are people on a large scale willing to give this up? I think not, he said.

    To keep working that long, Reinfeldt isnt ruling out that Swedes would need to have more than one career during their working life.
    http://www.thelocal.se/38958/20120207/

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    People work for others their whole adult lives so that, even after all the government's robbed them of, they still have a nice little comfortable sum tucked away that'll allow them to enjoy 15 or so years in relative luxury before they have to begin worrying about emptying their colostomy bags, servicing their iron lungs, and re-finding out Roy Orbison is dead every three hours.

    Reinfeldt's plan seems to be to cut out the little slice of the equation that just so happens to be the only reason people will themselves out of bed before 11.30 at all, and just have people work and work for the fun of it until it's time for them to be crammed into a nursing home's basement and not visited by their family every Christmas. Sounds terribly appealing -- especially if you get one of those jobs Americans have where you sit in a little cubical in a bland office space and answer a phone and get abuse and hang up and then answer the phone again. Just imagine getting up for that sweet deal five days a week every week from 18 to 75! That'd be like eating a carrot cake forever.

    I take it the moron plans to retire immediately after his term of office and live off the salary and pension afforded him by the people he's by then made sure are working overtime. But, oh well, I'm sure he's exhausted all other possibilities. In fact, that's not entirely sarcastic: I honestly doubt the man's silly mind can think of a single way to cost cut. His morality doesn't allow the ideas to pop into his bald head for a second. What follows from allowing this inferior breed of men -- that is, politicians -- to determine the course of our lives is sadly the greasy quagmire of modern Europe. Stupidity imbues every single thing they think and every single thing they do.

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    The pension system as it currently stands has a positive balance sheet which allows for more money to be put into the system via taxes and employer fees than is being paid out in pensions. But this balance might shift into a deficit in the not so distant future, as the newer cohorts of pensioners are larger than the previous ones, and high unemployment persists among the younger generations which makes for less income for the pension system. This creates greater strain on the capital which has been amassed and which is managed by the pension system.

    On top of this several hundred billion crowns have been taken out of the pension system by various cabinets to pay for other wellfare expenses and so a considerable chunk of the money which was supposed to cover pensions today has already been consumed years or even decades ago without being replaced.

    On top of this a considerable chunk of the pension funds, or parts of them at least, have been wiped out by losses in the stock market.

    And once we achieve a deficit in the pension fund the funds that are there will be dwindling rapidly, it's not meant or capable to withstand a sustained period of losses, and this is something which we have to take seriously.

    Various reforms can be considered in trying to counteract the expected deficit by for example raising the taxes which go into the pension system (which are already at 17% of total earnings), raise the retirement age gradually, and also perhaps cut the pensions that do get paid out so that the balance of payments is maintained. We could counteract lower pension payments by lowering the taxes paid on pensions, which sit at roughly 30%, but since parts of the wellfare state depend on these pensioner taxes it will prove difficult to achieve.

    Either way, it's better that we become aware of the problems that we face early on when we still have time to come up with less draconian measures than those proposed by Reinfeldt, than to hold on to election-promises delivered to us by politicians 50 years ago. The promises that were made to people back then depended on a never ending economic boom and we need to adjust these promises to the reality we find ourselves in today and for the forseeable future.

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    The whole welfare system will likely suffer a total collapse within the next couple of decades, and our people will have to revert back to more organic ways of taking care of each other, in close cooperations with family and local community. The sooner, the better.
    A nation is an organic thing, historically defined.
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    If the elders want the same high level of life quality as now, they should pay for it. The younger generations can in no way afford it, and with oncoming elder boom it would eat up a lot of our reserves.

    We are already facing problems getting into the real estate market because of older generations. Right now there is an large bubble in the market.

    In an interview with penssioners, almost all the men wished they had worked less and spent more time with family.



    Quote Originally Posted by oreiar View Post
    The whole welfare system will likely suffer a total collapse within the next couple of decades, and our people will have to revert back to more organic ways of taking care of each other, in close cooperations with family and local community. The sooner, the better.
    Of course it will, with the rough (and moderate) estimates from Denmark about how fast their money is eating up by welfare, DDK 150 billion a year.

    Going back to old fashioned ways to take care of family members should be good. Many of the elders can help with babysitting, schooling etc while parents are working. But I doubt this could be a solution for everyone, it will depend of the condition of the patient. When possible there be a nurse checking in regularly, or in case of any trouble.

    Every generation in the modern age would be looking forward to a better living condition, but not our generation. I think this can be positive for us, high living condition does not give us a high quality of life. We know more and more people struggle with depression, overweight, suicides, feeling out of place in society and detached from nature.

    When a house burned down in my area and the woman were interviewed, she said she had lost everything. Tragic to lose some valuable and treasured items, but what of all the memories, friends, family she has. Arn't they "everything"?

    "Make strong old dreams lest our world lose heart." -Ezra Pound



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