Chile’s Great Pension Raid
Because the policies they produce are so ludicrous, populist cycles eventually crash against reality and come to an end. Sadly, for too many Chileans, the crash may come when they reach old age with no retirement savings.
https://prosyn.org/JG2FlCE
LONDON – How should families pay for the costs of the pandemic? The conservative government’s finance minister proposes that the state should help. Thanks but no thanks, retort members of the country’s congress. Families can use their own accumulated pension savings, and the government should give them access to those funds.