That would be our main recommendation for the reform of the pension system in most countries. Most distortions are caused by the arbitrary introduction of piecemeal legislation and tax rules that were intended to favour one or the other political constituency close to the party in power at the time.
It seems to be accepted without further questioning that the citizen should rely on the state for his income in the later part of life. The more the citizen are believing this doctrine, the more the power of the politicians increases and they have little real motive to stop this trend.
Yesterday, the SEC’s climate disclosure rules made it into the Federal
Register. That means that the rules will be effective on May 28th (although
complian...
4 hours ago
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