The cost of aging in Belgium was 24,5% of the GDP in 2019. Estimated to be 29,7% in 2049. A growth of 5% of the GDP.
Biggest contributors are to those rising costs are :
* Pensions (10,5% in 2019 > 13,5% in 2049)
* Healthcare (7,8% in 2019 > 10,5% in 2049)
All this hinges to average hypothetical productivity gains of 1,5%/year. If those gains are 1%/year the additional cost would be 7,3% of the GDP instead of 5%.
And they better have the money to pay for it! Because by that time, it will be my turn to suckle on that sweet tit.
And they are still increasing pensions
They should start to pay for pensions with a death tax.
Not so sure increasing the active population is the fix. People that don’t work now: the old, the infirm, etc, aren’t going to be making a lot of money if you get them to work. How much tax can you expect to collect from them? Also these are not the jobs that will increase the profits of their companies /grow the economy either.. There’s a lot of money in Belgium, but that’s not where you’re going to find it.
If I were prime minister, I’d look for the sectors creating a disproportionate amount of wealth, big profit margins. And then carrot+stick them. support but tax., eg make hiring foreign graduates easy, have government-funded training, but then tax them+ the paychecks they pay out.
Once I’m 70 I’m getting euthanasia. I did volunteering in a retirement home and saw harrowing things. No way I’m ending up there. A lot of people are just waiting for their time to die. I won’t be much of a burden on society.
Reminder that voters demanded higher pensions during the last election cycle which is why every single party fell over themselves to promise pension increases.
Even “fiscally conservative” NVA and OVLD promised higher pensions. Because they know that’s what will get them the most votes.
So before everyone starts blaming politicians, maybe consider that they’re simply doing what most voters are demanding. It’s no surprise considering boomers are still the biggest voting block.
“Without an increase of the active population” my ass.
Here’s an idea: go after companies who want to make everyone independent workers, meaning payments to all such individuals don’t generate RSZ contributions.
The problem isn’t the individual workers. It’s the companies trying to get out from under paying their fair share.
OH… picking policy that favours old people at the cost of the young leading to an unhealthy population pyramid? who could have seen this coming?
Tell you what, certainly not politicians that can barely look past the next election cycle
How are they going to pay for all this shit?
Maybe, maybe not. There is a disproportionate amount of (former) smokers, heavy drinkers and other bad habits among boomers and GenX. Spent their whole life in diesel and leaded gas fumes. Ate nothing but blackened bbq meat, pfas eggs, tchernobil spinach seasoned with DDT.
They’ll be lucky if they even get to 70yo.
Loved the radio this morning. “Well, the next generation is gonna have to work harder and longer lol”.
Coming from someone whose generation probably (citation needed) on average stops at 55. The generation who saw their real estate quadruple in value, i might add.
So yeah, as long as the pensions “heilig huisje” isn’t getting a revision, you can bite my shiny metal ass for those extra years.
13 comments
TL;DR :
The cost of aging in Belgium was 24,5% of the GDP in 2019. Estimated to be 29,7% in 2049. A growth of 5% of the GDP.
Biggest contributors are to those rising costs are :
* Pensions (10,5% in 2019 > 13,5% in 2049)
* Healthcare (7,8% in 2019 > 10,5% in 2049)
All this hinges to average hypothetical productivity gains of 1,5%/year. If those gains are 1%/year the additional cost would be 7,3% of the GDP instead of 5%.
And they better have the money to pay for it! Because by that time, it will be my turn to suckle on that sweet tit.
And they are still increasing pensions
They should start to pay for pensions with a death tax.
Not so sure increasing the active population is the fix. People that don’t work now: the old, the infirm, etc, aren’t going to be making a lot of money if you get them to work. How much tax can you expect to collect from them? Also these are not the jobs that will increase the profits of their companies /grow the economy either.. There’s a lot of money in Belgium, but that’s not where you’re going to find it.
If I were prime minister, I’d look for the sectors creating a disproportionate amount of wealth, big profit margins. And then carrot+stick them. support but tax., eg make hiring foreign graduates easy, have government-funded training, but then tax them+ the paychecks they pay out.
Once I’m 70 I’m getting euthanasia. I did volunteering in a retirement home and saw harrowing things. No way I’m ending up there. A lot of people are just waiting for their time to die. I won’t be much of a burden on society.
Reminder that voters demanded higher pensions during the last election cycle which is why every single party fell over themselves to promise pension increases.
Even “fiscally conservative” NVA and OVLD promised higher pensions. Because they know that’s what will get them the most votes.
So before everyone starts blaming politicians, maybe consider that they’re simply doing what most voters are demanding. It’s no surprise considering boomers are still the biggest voting block.
“Without an increase of the active population” my ass.
Here’s an idea: go after companies who want to make everyone independent workers, meaning payments to all such individuals don’t generate RSZ contributions.
The problem isn’t the individual workers. It’s the companies trying to get out from under paying their fair share.
OH… picking policy that favours old people at the cost of the young leading to an unhealthy population pyramid? who could have seen this coming?
Tell you what, certainly not politicians that can barely look past the next election cycle
How are they going to pay for all this shit?
Maybe, maybe not. There is a disproportionate amount of (former) smokers, heavy drinkers and other bad habits among boomers and GenX. Spent their whole life in diesel and leaded gas fumes. Ate nothing but blackened bbq meat, pfas eggs, tchernobil spinach seasoned with DDT.
They’ll be lucky if they even get to 70yo.
Loved the radio this morning. “Well, the next generation is gonna have to work harder and longer lol”.
Coming from someone whose generation probably (citation needed) on average stops at 55. The generation who saw their real estate quadruple in value, i might add.
So yeah, as long as the pensions “heilig huisje” isn’t getting a revision, you can bite my shiny metal ass for those extra years.
[https://twitter.com/Oli4_OC/status/1546954821135130629](https://twitter.com/Oli4_OC/status/1546954821135130629)
Time to demand multinationals to be taxed more fairly and stop subsidizing companies, instead of willingly giving up our future.
We’re being robbed from our social rights, but people will still argue against them, just to safeguard the precious companies.