| ▲ | Grombobulous 3 hours ago | |||||||||||||
I’m very wary of finger-pointing like your comment that ultimately serves to advocate for cutting quality of life for citizens. Roughly 31% of Japan’s budget goes to social security. They don’t have problems keeping their high speed trains safe. Cutting pensions won’t make trains safe. I will also point out that on its own without further context, a high percentage of government spending going toward something doesn’t make that spending irresponsible or misappropriated. In the United States, a very high percentage of federal taxes are spent on Medicare and Social Security. But it should come as no sirprise that a very large percentage of federal income tax revenue is directly appropriated to pay for those things. | ||||||||||||||
| ▲ | Al-Khwarizmi 3 hours ago | parent | next [-] | |||||||||||||
Pension expenditure in Spain is out of proportion from any point of view, though. I'll provide links to some graphs because I think they give more information than my words could: https://elequidistante.github.io/graficos-jongonzlz/pensione... https://elequidistante.github.io/graficos-jongonzlz/pensione... https://elequidistante.github.io/graficos-jongonzlz/pensione... And maybe this is the most illustrative: https://i.redd.it/uwvgxycxhjeg1.jpeg So yes, the reason why we are underinvesting in pretty much everything is basically pensions. GDP is up, tax collection is up, debt to GDP is sligthly decreasing... but pension expenses keep growing at a fast pace so there's less and less money for everything else. And I say this with both of my parents earning the maximum pension, so I don't have an axe to grind, but it's just reality. | ||||||||||||||
| ▲ | germandiago 3 hours ago | parent | prev | next [-] | |||||||||||||
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). | ||||||||||||||
| ▲ | LtdJorge 3 hours ago | parent | prev | next [-] | |||||||||||||
We're financing pensions with debt, that's why it's a problem. | ||||||||||||||
| ▲ | pofferfish 3 hours ago | parent | prev | next [-] | |||||||||||||
You will notice that 31 is less than 40 | ||||||||||||||
| ▲ | square_usual 3 hours ago | parent | prev | next [-] | |||||||||||||
Japan is a terrible comparison here because their rail network is privatized. They're also paying their pensions with debt, and their economy is really stagnant and not a shining example of a country doing well with a pension burden that high. | ||||||||||||||
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| ▲ | qurren 3 hours ago | parent | prev [-] | |||||||||||||
> They don’t have problems keeping their high speed trains safe Their trains are safe, but they also have 2X the national suicide rate as Spain, which amounts to about 17000 more deaths per year. I'd attribute a big chunk of that to their work culture treating people like machines, whereas Spain's work culture tends to lean towards treating people like humans. That isn't an excuse for railway mishaps, of course, but I'm just trying to de-romanticize Japan as some kind of magical perfect place. It's not. They might have gotten their railways right, but they have massive safety issues around mental health. | ||||||||||||||
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