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Swiss vote to give themselves a bigger pension (www.bbc.co.uk)

submitted 8 months ago by misk@sopuli.xyz to c/europe@feddit.de

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[–] MoonJellyfish@lemmy.today 22 points 8 months ago (2 children)

The title and the image make me feel like aging population voted so younger people pay more for the pensions.

[–] Raikin@feddit.de 15 points 8 months ago* (last edited 8 months ago) (1 children)

This did happen, but primarily due to propaganda of the right wing which tried to portray this as an old vs young conflict, when actually it's a poor vs rich conflict.

Tax might rise a little bit for working people due to this, but as the rent that was expanded here (AHV) is a great distribution tool, around 90% of the population will later get more money back in rent than they're paying into it now.

Also, the method to finance this is not yet set. Some centrist politicians are open to financing this by raising a tax on finance market transactions, which would probably be the most social. (And of course lefties like me would love to finance this with an inheritance tax, but that has almost no chance)

[–] MoonJellyfish@lemmy.today 4 points 8 months ago (1 children)

Yeah, it's very rare for more funds being obtained from taxing richer part of population. A quick google search gave this opinion of Swiss finance minister:

Finance Minister Karin Keller-Sutter has said that since Switzerland is already running a budget deficit, the approval will likely require an increase of value-added tax.

[–] Raikin@feddit.de 2 points 8 months ago

Yeah, demons like KKS would never consider publically to finance this in a social and fair manner.

[–] tryptaminev@feddit.de 11 points 8 months ago (1 children)

Welcome to the gerontocracy. The demographic failure of democracy, as an ageing population has the power to vote for consuming the country instead of investing in its long term stability.