Germany's social welfare system is on the brink of collapse, posing a long-term threat to the economy. The escalating costs of political promises are dragging down the economy with no reform in sight. Social security contributions for state pension, health, and care insurance are set to surge from the current 40.9% of gross salary to over 50% by 2050 if no reforms are implemented. This impending burden is expected to diminish the country's attractiveness for employees, potentially accelerating the exodus of highly skilled workers. Experts warn that the upcoming legislative period is critical for enacting reforms, as delaying action risks reaching a tipping point where recovery may be impossible.
pull down to refresh
73 sats \ 2 replies \ @siggy47 28 Feb
Wow! I have to believe the EU's days are numbered. Do you see parallels to the USSR in the late 1980s?
reply
362 sats \ 1 reply \ @TomK OP 28 Feb
Yes, the difference is that the Soviet Union had already started out as a communist state and therefore had no economic substance. The eurozone is dying a slow death because it can fall back on decades of capital accumulation through an almost market economy system. It's like a slow external bleed
reply
21 sats \ 0 replies \ @co574 28 Feb
a train wreck in slow motion
https://m.stacker.news/17980
reply
71 sats \ 1 reply \ @jeff 28 Feb
Similar story in many advanced nations.
Risk of tax-burden induced brain-drain.
reply
156 sats \ 0 replies \ @TomK OP 28 Feb
Yes. I choose Germany as the textbook example
reply
63 sats \ 1 reply \ @Voldemort 28 Feb
I wonder how immigration affects this. I am thinking of a recent post that shared an article about Norway's immigration policies are holding up their social programs.
reply
0 sats \ 0 replies \ @TomK OP 28 Feb
Poverty immigration is the accelerator
reply
41 sats \ 1 reply \ @ek 28 Feb freebie
Imo, the mandatory public retirement system is one huge scam. A literal pyramid scheme that you can't opt-out of easily which additionally suffers from inflation created by the ones at the top of it.
The public health insurance is similar which additionally includes a ton of people suffering from Stockholm syndrome.
reply
0 sats \ 0 replies \ @TomK OP 28 Feb
Yes,indeed
reply
63 sats \ 2 replies \ @PlebeiusG 29 Feb
I love how i can read a post title and know who is posting it. Keep it up Tom
reply
30 sats \ 1 reply \ @TomK OP 29 Feb
I would like to interprete this as positive...
Thank You and have a nice day, friend
reply
0 sats \ 0 replies \ @PlebeiusG 29 Feb
I like your style. I get you 🫂
reply
21 sats \ 1 reply \ @Atreus 28 Feb
If only someone could have seen it coming.
🫠🫠ðŸ«
reply
0 sats \ 0 replies \ @TomK OP 28 Feb
They have a run....
https://m.stacker.news/17991
reply
21 sats \ 3 replies \ @BlokchainB 28 Feb
It’s not to late! They can still turn this around
reply
0 sats \ 2 replies \ @TomK OP 28 Feb
No. Not within this political system that is occupied by the socialist parties
reply
21 sats \ 1 reply \ @BlokchainB 28 Feb
Damn when I visited Germany it was a great experience. Fantastic drivers! The public transportation was great. And the people were overall nice. Hate to see this economic doom come
reply
50 sats \ 0 replies \ @TomK OP 28 Feb
They'll start something better one day. Don't worry
reply
0 sats \ 0 replies \ @SaToSHiWoMaN 10 Mar outlawed
stackers have outlawed this. turn on wild west mode in your /settings to see outlawed content.