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Women Would Get 42% of Male Pension, if Unsubsidized! Brazilian Retirement Fund for Government Employees to Subsidize Women’s Earlier Retirement.
Verfasst von admin unter Wirtschaft, Men's Rights & Feminism am
To reform the Brazilian retirement system, various plans are under discussion. All of them allow women to retire 5 years younger and/or with 5 years less of paid contributions to retirement funds.
Without subsidy, women would get 42% of male pension!
5 years less compounding in pension fund means women should get 65% of men’s pension. Women live 20 years in retirement, men only 13, lowering women’s unsubsidized pension to 39% of male pension. (0.65 times 13/20). Even if women were retiring at the same age, they would get 65% of male pension, if paid according to insurance mathematics proportional to their input to the system and the expected payout. That is for women with equal salary as the men. If women earn less, and thus pay in less, would further lower the expected payout, if normal insurance rules applied. The numbers might change a bit with more sophisticated math, but the differences are shocking, nevertheless. Use your country’s life expectancy tables for 60 year old males and females, and years worked at age 60 or 65 by gender. In countries where men retire at the same age as women, the differences get much smaller.
By this model, a woman with 55 years of age and 30 years of contributions, for example, might begin to receive retirement benefits. The same goes for other combinations, provided that the sum is 85. [55 + 30 in this example]
In the case of man, the age of 60 and 35 contribution, the employee could retire, for example. Also other combinations, keeping the sum of 95 years [ 60+35 in our example] 1
Men to subsidize women’s shorter work years and longer retirement years
Brazil now plans a capitalizing retirement fund for government officials.
"The biggest concern is the question of women. They contribute, but retire five years earlier. It is a capitalization fund, but they lose 35% to 37% in favor, because they would have five years unless the capitalization," admitted Gabas, who attended the lunch with the allied base.
But there is already agreement to another type of fund: The fund called survival. Would allocate a small percentage of the contribution to a special reserve, for cases in which living retired more years than the average time period for which stipulated and contribute. 2
The only solution is for men to pay more. Nobody even considers to require women to work equally long as men, in order to justly equitably earn their own retirement benefits.
Another fund should be created to benefit women and federal police. The text states that both categories retire with 5 year less minimum contribution. "They are still entitled to retirement, but would have five years less capitalized and thus would have a big loss," said Gabas. The government’s contribution to this second fund is not yet clear, according to Vaccarezza. 3
Women retire earlier, contribute less and live much longer. In Brazil and world wide.
They don’t even mention that women live about 4-7 years longer, thus exacerbating the financial advantages women have over men. You can see from the graphic that in most countries in the world, women retire at least 3 years earlier.
The difference between the survival rates of men and women remains large: while girls born in 2010 they hope to live 77.32 years, the rate among boys is 69.73 years, due mainly violent deaths such as accidents traffic accidents and homicide. [...]
At age 22, the chance of a man dying was 4.5 times higher than that of a woman, considering last year’s data. According to year 2000 rates, the probability of male death at the same age was four times higher than for a female. (O Globo, Friday, December 02, 2011)
There is no logical reason why women should retire earlier then men. It seems to stem from a historical artifact, that wives are 3-5 years younger then husbands. So in order to enjoy retirement together, the different retirement age was introduced. (anyone has better sources then hearsay for this explanation?)
Of course, only Human-Stupidity would would propose women to work 5 years longer, to finance the retired husband. So a woman could make up for the years she took off work during childbearing age. Women should retire 5 years LATER then men.
Only Human-Stupidity dares to say the mathematical and sociological truth: women should retire LATER then men, because
- women have better health,
- women survive to much older age,
- women take more years off work, and
- women contribute less years to retirement.
Then they would get equal number of years of pension benefit and equal number of financial contribution to the pension fund as men. Equal rights and equal obligations.
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Women Would Get 42% of Male Pension, if Unsubsidized! Brazilian Re... » continues here »
No bailout! European differences in work ethic and culture can not be overcome by transfer union
Verfasst von admin unter Wirtschaft am
Different work ethics and morals cause different monetary politics, and make Northern and Southern European economic policies incompatible. Transfer Unions between West and East Germany, Northern and Southern Italy have only wasted money. Bailout attempts will spread bankruptcy to healthy countries. Germany would be the last to fail under the debt of all of Europe. USA and Switzerland function perfectly with clear no-bailout policies towards their states and cities.
In Northern Europe, culture, quite aside from the law, supplies a sin and guilt control mechanism. We have set rules for moral and ethical behaviour which we expect everyone to adhere to. The core value of a need to achieve is a stimulus for entrepreneurship and economic development. It is our psychological mainspring. Governments build their policies around this fundamental core value which affects the entire socio-cultural system. The Swedes ‘carry Luther on their shoulders’ and believe they need to do a good day’s work before they can partake in any reward – as do all the Nordic countries. Success equals personal achievement, the drive to get things done, and accumulating capital to gain status and wealth.
In Southern Europe, shame tends to be the control mechanism, with one’s relationship to other people and to the group determining acceptable behaviour. Ethics is more related to the situation and who is involved, so ‘rules’ as we perceive them are often ‘broken’. Style is everything; manliness (machismo) counts and should be displayed; dignity and honour must be maintained. The Cultural Value of “The Public Man” is the desire to be someone rather than do something.Success equals social power; being someone personally important, being surrounded by people who look up to you and are dependent on you.
Just across the Channel and beyond, being who you are counts for more than what you have achieved; security comes not from individual effort but from reciprocal relationships which mould your expectations of lifestyle and your place in society. Friendships are formal and a great amount of time is given to nurturing these. Large, extended families, including distant blood relatives and close family friends, are the norm which have strong emotional ties, giving a powerful commitment to family rather than the rest of the world. Taxi drivers and hotel receptionists often try and impress upon us, the foreigner, how well connected they are to give themselves status.
In cultures like these, WORK per sé holds little value and is to be avoided if possible.Developing friends and connections is THE form of capital investment – not ‘personal development’ as we know it in the UK. The genteel pursuit of leisure gives status – not the image of industriousness and efficiency as in the North. 3
Different Ethics, incompatible financial and economic attitudes
The Southern European countries have a different pay and work ethic then Northern European countries. Southern Europeans strike more for wage increases, for lower work hours and earlier retirement. They use more borrowed money, like there is no tomorrow, for instant gratification. Maybe it makes the Southerners happier and more humane then the Northern European work animals. The northern countries have more self discipline, work ethic, self sacrifice.
Historically, before the Euro, the southern European currencies regularly suffered devaluations to re-instate an equilibrium. Now putting these countries into one currency simply leads to Southern Europe having too high salaries, too high cost, and being too uncompetitive. These are not the countries where all citizens voluntarily lower salaries, and happily increase work hours and retirement age.
Spain Labor Market Incompatible With Euro
Well, reading thru Op-Ed pieces in the New York Times I came across a short piece by U Maryland economist Gayle Allard who explains a core problem with Spain’s economy as a member of the Euro: The country needs periodic bouts of inflation to undo the distortions caused by very powerful unions. This makes Spain’s entry into the euro zone an act of enormous political folly for all involved.
While it was doing its fiscal homework, however, Spain overlooked a key requirement for the currency area: staying competitive without a national exchange rate. Spanish labor costs chronically rise much faster than productivity.
Spain needs bouts of inflation as long as collective bargaining remains highly politicized. A country that needs periodic bouts of inflation should not share a currency with Germany. One doesn’t need to be a rocket scientist running complex computer models to figure that out.
No state and city bailout in USA and Switzerland. No major transfer Unions
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No bailout! European differences in work ethic and culture can not... » continues here »
Trillions to save the Euro? World currencies, a house of cards!
Verfasst von admin unter Wirtschaft am
The Euro, the common European currency, was bound to fail. One can not bind together nations with totally different economic system, with totally different citizen’s attitudes into one Union. While Germany kept fiscal discipline (well, relatively), German Unions and German workers kept moderation, while other countries took advantage of cheap credit and stable currency and incurred huge debts and huge salary increases like there is no tomorrow. The salaries in the crisis countries are much higher than, for example, in Germany. So underpaid German workers now will bail out the highly paid Greek workers, that have more vacation and retire earlier?
The bail out favors banks, who earn high risk premiums on interest, while the government assumes risk and buys bad credit. All this in violation of the EU no bailout clause. And giving financial incentive for risky behavior by banks.
Greece should have been allowed to go bankrupt. That is market economy. Let someone else buy the failed banks and continue running them. Let the bank managers be arrested for doing unsound business. The bank must not loan money that can not be repaid.
- Additionally, every nation in the world, including Germany and the USA, have too high a debt.
- And that a system based on compounded interest can not work in the long run ( 1 cent with 4% interest yield in 2000 years $0.01 * 1.04^2000= 1.16594643150219980412675240849 e+32= $ 1165946431502199804126752408490
One should start asking questions why countries can not be run without resorting to debt.
Human-Stupidity is just giving food for thoughts. We are just pointing to the stupidity that might ruin entire populations.
World currencies, country finances, world economy is seriously stupid, based on stupid belief, based on greed of banks, politicians, and yes, the normal citizen who wants his benefits now, on loaned money.
Countries should repay loaned money in times of strong economy. Not increase loans more and more. That is Keynesian economics.
Spiegel Online International: Top Economist on the Euro Crisis; ‘
The German Government Will Pay Up’, June 27, 2011
In a SPIEGEL interview, leading German economist Stefan Homburg argues that euro-zone members should not bail out Greece, discusses who is making a profit from the crisis and explains why he himself is buying Greek bonds. "I believe in the boundless stupidity of the German government," he says.
More related articles
- ‘Clinging to the Euro Will Only Prolong the Agony’
- Time for Plan B: How the Euro Became Europe’s Greatest Threat
- Bad for Business: Euro Crisis Has Decimated Greek Private Sector
All quotes from :
Spiegel Online International: Top Economist on the Euro Crisis; ‘The German Government Will Pay Up’, June 27, 2011
In a market economy, even in the case of a plumber whose customers don’t pay their bills, it’s never a question of getting creditors "involved" (in helping to deal with a bankruptcy). Instead, when push comes to shove, it is creditors, and creditors alone, who have to write off their loans. Only then do they have an incentive to carefully choose who they lend money to. A market economy with no personal liability cannot function. The government bailout initiatives create misdirected incentives that continuously exacerbate the problems on the financial markets.
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Trillions to save the Euro? World currencies, a house of cards! » continues here »
Perjuring Goldman Sachs executives: Wrong religious morality endangers your savings, countries’ currencies and finances
Verfasst von admin unter Wirtschaft am
Why Isn’t Wall Street in Jail? |Rolling Stone
Financial crooks brought down the world’s economy — but the feds are doing more to protect them than to prosecute them [...]
The rest of them, all of them, got off. Not a single executive who ran the companies that cooked up and cashed in on the phony financial boom — an industrywide scam that involved the mass sale of mismarked, fraudulent mortgage-backed securities — has ever been convicted.
The immorality of Wall Street
Human-Stupidity was wondering long ago why Rating institutes’ AAA ratings for junk (causal for world economic collapse) went unpunished. Not only is the financial sector one big behemoth that profits from unproductive gambling in financial markets, The financial sector fraudulently rigs the game, gains immorally high commissions and ruins the world economy, banks, and entire countries like Ireland and Iceland.
When caught red handed, executives at Goldman Sachs, unaware that their own memos and emails had leaked, blatantly denied their wrong-doings under oath. What are the conclusions?
We need true morality in big world-moving issues.
- We need morality in economy and business. Maybe a Western Confucianism.
- Profit should come from production, not from financial gambling and fraud
- Big fraudsters need to face punishment.
- Or maybe the lesson is: Destroy your tracks. Don’t send and keep incriminating emails. When planning to con your own customers, don’t discuss it in writing
Our moral philosophers, religions, churches fail, philosophizing about silly issues like:
birth control, the beginning & end of life, sex & possession of child porn
Our churches, moral apostles and philosophers fail miserably. Entire countries get plundered, the world economy gets shattered, currencies are a house of cards waiting to collapse under collective debt. Banks make immoral profits from the world’s miseries. Our moral guides and philosophers are caught up in silly issues like
- abortion, immorality of birth control,
- when does life start, and
- forcing people to die miserable deaths, preventing people from choosing a dignified death,
- teenage sexuality, doctor playing children and
- all of Interpol focuses on child porn witch hunts imprisoning loners who possess 0′s and 1′s on their hard disks that constitute child pornography.
Our religions and moralists are just as useless and damaging as banks.
The People vs. Goldman Sachs
A Senate committee has laid out the evidence. Now the Justice Department should bring criminal charges
They weren’t murderers or anything; they had merely stolen more money than most people can rationally conceive of, from their own customers, in a few blinks of an eye. But then they went one step further. They came to Washington, took an oath before Congress, and lied about it.
A legal system that allows the financial sector to make huge gains while producing nothing, or worse, destroying the productive economy.
Total dishonesty. Outright fraud. Impunity. Rating institutes that give AAA rating to junk and don’t get punished. Governments that bail out banks instead of letting them pay for their mistakes.
Government and nations borrowing like there is no tomorrow
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Perjuring Goldman Sachs executives: Wrong religious morality endan... » continues here »
Let Portugal default on debt! Will USA default too?
Verfasst von admin unter Wirtschaft am
The European Union, in violation of its non-bailout clause, guarantees debt for its defaulting members.
- This just postpones the problem of the huge debt which will come due at a later time.
- It also does not solve the structural problem, that countries with very different attitudes and politics are ties to one currency.
- Did you know that in the rich productive countries of Europe, like Germany, salaries are lower, the retirement age is higher, Now try to tell a Greek or Portuguese worker to reduce his salary and retire 5 years later. This is why we have riots all over Europe.
- So either break up the monetary Union to separate countries with different monetary situation
- Or let the markets decide. Once a country defaults, the lenders will get the message that they should check how credit worthy a country is, before lending their money.
- Almost all countries in the world increase their debt every year. No payback schedule in sight. Only ever growing debt. Critics think the debt of almost all countries in the world is unsustainable.
Weinberg said there is nothing on the table that can stop the euro zone falling into crisis.
“Not only is there no solution in hand, but there is no inkling that any idea on the table at this summit could plausibly avert a default on substantial portions of euro land’s sovereign debt,” he wrote.
“Lending money to already over-borrowed nations does not help or fix them. Also, no plan exists for strategies to cope with the fallout of a sovereign default should one occur,” Weinberg added.
Is Europe Slipping Towards Default?
Marc Faber: If The U.S. Was A Corporation, Its Credit Rating Would Be Junk (Video)
The entire world economy is driven by blindness and greed. Greed of corporate executives, of politicians, and yes, greed of the citizens who want their perks, high pay, and little work. Keep borrowing till the world financial system collapses. Keep bailing out to buy a bit more time, the delayed collapse will be even worse.
- Time for EU to wake up and embrace default
- Financial Chaos and Debt Default in the European Union
- Sovereign default | Wikipedia
Fehlbewertungen (AAA für Schrottpapiere) der Rating Agenturen lösten die Weltwirtschaftskrise aus
Verfasst von admin unter Wirtschaft am
Raffgier und Geldgier wird belohnt, der Bürger ist der Dumme, da das System keine Kontrollen eingebaut hat.
Rating-Agenturen haben die windigen Geschäfte der Banken mit ihrem Gütesiegel versehen und so den Kollaps des Systems vorangetrieben. Trotzdem lässt Obamas Finanzreform ihre Macht weitgehend unangetastet – dank der hochklassigen Lobbyarbeit des exklusiven Clubs? [...]
McDaniel, Sharma und Joynt sind die Chefs der drei großen US- Kredit-Rating-Agenturen Moody’s, Standard & Poor’s (S&P) und Fitch. Sie entscheiden über die Bonität von Firmen sowie über das Risiko ihrer Investmentprodukte, von ganz normalen Anleihen bis hin zu komplizierten Finanzkonstrukten wie Derivaten oder hypothekengestützten Papieren. Geben die Kreditprüfer ihr Gütesiegel, im besten Fall als AAA-Rating, heißt das, dass sich der Anleger getrost darauf verlassen kann.
“Geschichte des kolossalen Versagens”
Zumindest sollte es das heißen. Doch die US-Kreditkrise hat gezeigt, dass die Rating-Agenturen oft daneben liegen – und das nicht selten wissentlich. Sie adelten ausgerechnet jene Subprime-Hypotheken, die zum Auslöser der globalen Finanzklemme wurden, viel zu lange mit besagten AAA-Ratings – selbst, als deren Risiken längst bekannt waren. Damit waren sie mitverantwortlich dafür, dass das ganze Kartenhaus schließlich in sich zusammenbrach.
http://www.spiegel.de/wirtschaft/0,1518,634103,00.html
Mehr Details in der englischen Version, bitte auf die US Flagge in der rechten Spalte klicken.
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