17 June 2011

O državnom penzionom sistemu

Najbolja kritika istog koju sam do sada pročitao:

Whether such a system of social security is a good or a bad policy is essentially a political problem. One may try to justify it by declaring that the wage earners lack the insight and the moral strength to provide spontaneously for their future. But then it is not easy to silence the voices of those who ask whether it is not paradoxical to entrust the nation’s welfare to the decisions of voters whom the law itself considers incapable of managing their own affairs; whether it is not absurd to make those people supreme in the conduct of government who are manifestly in need of a guardian?

Ludwig von Mises, Human Action, s. 617.

1 comment:

Slaviša Tasić said...

Evo i šta je Paul Samuelson imao da kaže o tome:

The beauty of social insurance is that it is actuarially unsound. Everyone who reaches retirement age is given benefit privileges that far exceed anything he has paid in -- exceed his payments by more than ten times (or five times counting employer payments)!

How is it possible? It stems from the fact that the national product is growing at a compound interest rate and can be expected to do so for as far ahead as the eye cannot see. Always there are more youths than old folks in a growing population.

More important, with real income going up at 3% per year, the taxable base on which benefits rest is always much greater than the taxes paid historically by the generation now retired.

Social Security is squarely based on what has been called the eight wonder of the world -- compound interest. A growing nation is the greatest Ponzi game ever contrived.

U međuvremenu je sistem bankrotirao i u pravu je još jednom bio Mises. Pa neka mi neko objasni zašto je Samuelson najvažniji ekonomista 20. veka, a Misesa akademija ignoriše.