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.
Acting Corp Fin Director Cicely LaMothe — who has been serving double duty
since the beginning of the year and is returning to her role as Deputy
Director,...
14 hours ago
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