French President Macron Raises Retirement Age by Decree

[Forogil]

He wrote one guy couldn't finance France's pension system for a year.

Yes, that poster wrote that one guy couldn't finance it for a year.

I wrote that one guy could finance it for about 6 months (which is consisten with the above), and if you also add the next 40 billionaries you could finance it for 18 months (which is also consistent).

Obviously that wouldn't work in practice; that's why France has a more meaningful taxation of wealth - because they have somewhat competent people in charge.

You know, try reading, just for the fun of it, or keep doubling down on being a fool, your choice.

I see that you have chosen the latter.

what's your point, that you can't use a number that people understand to show how stupidly rich some people are? Why?

The problem is that if you mix numbers that are per time unit (like GDP and pension payments during a year) with accumulated totals (like wealth) you get lost in meaningless results.

But continue living in your bubble - I will not stop you, and have more important things to do.

[walexia]

I'm 54 and I think the minimum age for social security benefits should be 70.

no offense , but what would a 60 yr old be doing in the workforce?(aside from some unfortunate circumstances). That is the age to complete your bucket list

[callipygoustp]

no offense , but what would a 60 yr old be doing in the workforce?(aside from some unfortunate circumstances). That is the age to complete your bucket list

Personally, I don't look forward to retirement. I expect it to be EXTREMELY boring. But with regards to your question: possibly the same thing they have always done, or (in the case of my father) working at a West Marine after having retired from being a Psychologist, or a friend's father who at 85 is still consulting as a office supplies salesman. Of course, there's my mother who at 71 is comfortably living on retirement.

I was tempted to say something along the lines of "thinking outside of the box" but I'm thinking it may be more to do with my age than anything else.

[Forogil]

no offense , but what would a 60 yr old be doing in the workforce?(aside from some unfortunate circumstances). That is the age to complete your bucket list

Why not work on your bucket list before that which goes together with increasing the retirement age instead of having additional taxes on the working population?

[Mayhem]

Yes, that poster wrote that one guy couldn't finance it for a year.

And we were talking about what that one guy wrote, that you interjected yourself with nonsense was your choice, you thought for some reason to have a point. I have no idea what that point might be, and I have a feeling that you came to realize that you don't know either.

nice talking, much fun, 7/10

[Milchshake]

Personally, I don't look forward to retirement. I expect it to be EXTREMELY boring. But with regards to your question: possibly the same thing they have always done, or (in the case of my father) working at a West Marine after having retired from being a Psychologist, or a friend's father who at 85 is still consulting as a office supplies salesman. Of course, there's my mother who at 71 is comfortably living on retirement.

I was tempted to say something along the lines of "thinking outside of the box" but I'm thinking it may be more to do with my age than anything else.

I'm kinda the same way. Feels like most of Gen-X figured this out a few decades ago ... the first time our 401k went up in smoke.
I resigned that my retirement will probablly include some part-time work and a few side hustles.

And I won't be lucky enough to get one of those "Cool hustles" like podcaster.

Time to plan ahead all of my GILF content on pornhub.

[Forogil]

I'm kinda the same way. Feels like most of Gen-X figured this out a few decades ago ... the first time our 401k went up in smoke.
I resigned that my retirement will probablly include some part-time work and a few side hustles.

I think you are discussing two different reasons for part-time work during retirement:

You need the money, or you have nothing better to do/like the work so much.

Those are a different: many of the billionaires on the list are past retirement age and still work, and I still haven't figured out whether their reason is encouraging or depressing.

As for France I see that Macro survived for now.

[Milchshake]

I think you are discussing two different reasons for part-time work during retirement:

You need the money, or you have nothing better to do/like the work so much.

Those are a different: many of the billionaires on the list are past retirement age and still work, and I still haven't figured out whether their reason is encouraging or depressing.

As for France I see that Macro survived for now.

True, but both views see work as necessasry on some level. Necessary for emiotnal or material needs, or both.

Billionaires ... is it really "work". My geuss is they're addicted to the power they have over people.
Example, Howard Schulz came out of retirement, soley to crush all of the unionization efforts at Starbucks. HE just "retired" again. If only the Seattle Fault would open up and swallow him beore he unretires again.

MAcron survies ... le sigh. My best take aways:
Americans need to stop romanticizing French Protests.
All other options are worse.
Le Pen might gather more populist support in bad faith. Her dream of kicking out all of the immigrants will make everything worse. France would join Japan and Britain their lost decades.

[Logwyn]

Always think of this when French are in the streets protesting:
Do you hear the people sing?
Singing the song of angry men?
It is the music of the people
Who will not be slaves again!
When the beating of your heart
Echoes the beating of the drums
There is a life about to start
When tomorrow comes!

As a global society we are going to have to figure out how to live when the robots take over all our jobs.

[zealo]

Always think of this when French are in the streets protesting:
Do you hear the people sing?
Singing the song of angry men?
It is the music of the people
Who will not be slaves again!
When the beating of your heart
Echoes the beating of the drums
There is a life about to start
When tomorrow comes!

As a global society we are going to have to figure out how to live when the robots take over all our jobs.

They're certainly singing, although it's a slightly different song.

This happened a couple of days ago in Paris with protesters singing The Internationale

[Nymrohd]

no offense , but what would a 60 yr old be doing in the workforce?(aside from some unfortunate circumstances). That is the age to complete your bucket list

I know a lot of 60+ people who work and they can manage just fine. Plenty of them could retire but they just don't want to.

[Ophenia]

The life expectancy in France is 82 years. 82.

82 for rich people, not really for poor/middle ones.



Translation : At 35, an executive can hope living 34 more years without physical problems, 47 years total. A worker ? 24, making him/her 59. Which means that statistically, at 59 he can't really work anymore, so he retires, and with the increase of the legal age for retirement, he/she'll have to deal with a shitty pension - it was already shitty to begin with due to the low wage during 40 years, now it's halved.

Without mentioning most of the workers with the worst conditions will be basically dead at 64 anyway.
The picture below is from a Belgian study, but I'm sure French people don't differ too much from our neighbors



One has to understand the current insurrection in France has more to do with the social status and risks of workers - who have suffered the most already during Covid, who will see their end of life handicapped by another 2 years, when it was already not sure they could benefit of that at all.
This added to all the money Macron has provided to everyone during his two mandates except the french. Pension system is missing 10 billion Euros to keep functioning as it is today ? Good news, he's throwing billions here and there. French billionaires have had their wealth tripled in 5 years. French government has mobilized 500 billion Euros in aids to companies during Covid, companies that have afterward given 80 billion of those to shareholders.

The raise in retirement age, in and by itself, could have been accepted. It was in Fillon's plans in 2017, it was also in Macron's second one, even Marine Le Pen I think had something like this in her plans (not sure about that). But the over-use of the 49.3 (11 times in a row !), 44.3 articles from the French constitution is a huge middle finger from Macron to French people, he only needs to use Article 16 now and he'll have completed the Dictator bingo.

France is on the verge of explosion. And Macron will receive Charles III at Versailles this week, while people are rioting outside. C'mon

[Poopymonster]

I think you are discussing two different reasons for part-time work during retirement:

You need the money, or you have nothing better to do/like the work so much.

Those are a different: many of the billionaires on the list are past retirement age and still work, and I still haven't figured out whether their reason is encouraging or depressing.

As for France I see that Macro survived for now.

The real reason is...greed.

They want more money. The most money. All the money. So they can go into some Money Hall Of Fame for having the most money.
The "Keeping up with the Joneses" mentality that they grew up in, lived through and were indoctrinated with.

[Nymrohd]

The real reason is...greed.

They want more money. The most money. All the money. So they can go into some Money Hall Of Fame for having the most money.
The "Keeping up with the Joneses" mentality that they grew up in, lived through and were indoctrinated with.

It's not just billionaires. At least in my country, many professionals just do not retire or continue working after retirement in some way. Doctors, lawyers, accountants often stretch to the max retirement age and plenty get past it. I'd say that for people who are properly rewarded for their jobs, they can find the drive to keep on working.

[Kreuger]

They are feisty tonight

123 police wounded, Bordeaux city hall on fire, atleast entrance

A social media video from local news outlet Rue 89 Bordeaux shows a fire blazing at the entrance to Bordeaux City Hall on Thursday night after a day of protests in the city, followed by firemen arriving to tackle the blaze.

https://www.france24.com/en/europe/2...pension-reform

[BeepBoo]

Reminder that rich people are mostly incredibly unproductive individuals, having mostly inherited their wealth usually. And beyond that, simply investing money in something isn't "productivity".

I'd say investing any form your resources take into creating something else is productivity, yes. Productivity isn't simply "I actually toiled with my body in some way, shape, or form"

[Edge-]

I'd say investing any form your resources take into creating something else is productivity, yes. Productivity isn't simply "I actually toiled with my body in some way, shape, or form"

I'd disagree with that. Productivity requires that something be done. Cutting a check doesn't actually do anything, it lets others be productive.

[unfilteredJW]

I'd say investing any form your resources take into creating something else is productivity, yes. Productivity isn't simply "I actually toiled with my body in some way, shape, or form"

Found the middle manager or day trader.

[Mayhem]

I'd say investing any form your resources take into creating something else is productivity, yes. Productivity isn't simply "I actually toiled with my body in some way, shape, or form"

Great, so just wasting time by buying stuff is now considered productivity.

By that measure, the only unproductive people are those not even archeologists can find.

[BeepBoo]

Great, so just wasting time by buying stuff is now considered productivity.

You have a point, but then how do we define what productivity even is?

Is a doctor who sees one patient and gets paid $500 for that 15 minutes more productive than a burger flipper who makes maybe 30 burgers in the same time but gets paid like $5 for that effort? I'd like to think productivity is related to how much economic value an activity has versus something so boring as "how hard someone is working in relation to their theoretical maximum work capacity" because that means someone who is stupid but works to 99% of their potential is more productive than someone who is capable of far more intelligent and valuable tasks but maybe only does 10% of their theoretical max.

Breaking it down in wow terms, is some noob in shit gear who does gray parses overall but has orange parses *for their ilvl* more productive than someone in top tier gear doing orange overall parses but maybe only purple or blue for their ilvl?

I inherently tie value to productivity, but maybe I should just start saying "I don't give a damn about how 'productive' someone is and care more about the value they add"

Found the middle manager or day trader.

Sorry bud, I'm a programmer who grinds with my hands on the keys doing actual work every day (though people do try to waste time with meetings more than I'd like).