Welcome to City-Data.com Forum!
U.S. CitiesCity-Data Forum Index
Go Back   City-Data Forum > General Forums > Politics and Other Controversies
 [Register]
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
View detailed profile (Advanced) or search
site with Google Custom Search

Search Forums  (Advanced)
 
Old 06-16-2010, 04:11 PM
 
Location: Tower of Heaven
4,023 posts, read 7,350,336 times
Reputation: 1450

Advertisements

http://www.economist.com/sites/default/files/images/na/2010w25/201025NAP366.jpg (broken link)


Quote:
Reactions to a modest plan to increase the retirement age show how hard reform is in France

THE French government’s long-awaited pension reform, which was announced on June 16th, turns out to be at once symbolically bold and yet ultimately disappointing. Under a plan unveiled by Eric Woerth, the labour minister, France intends to raise the legal retirement age progressively from 60 to 62 by 2018. Since this alone will not meet the state pension-fund shortfall, the government will increase the top rate of income tax from 40% to 41% from next year, and tax capital gains, stock options and other financial income more heavily. It will also align civil servants’ pension contributions with those in the private sector by 2020. In all, the government thinks it can balance the pension fund, which currently has a €32 billion deficit, by 2018.
Reforming France: State of denial | The Economist
Reply With Quote Quick reply to this message

 
Old 06-16-2010, 04:33 PM
 
Location: Jonquil City (aka Smyrna) Georgia- by Atlanta
16,259 posts, read 24,693,358 times
Reputation: 3587
Quote:
Originally Posted by RenaudFR View Post
I could go along with 62 by 2018. Hell they have raised it here to damn near 70. My folks got full Social Security at 65. I have to wait until I am 67 and 7 months.
Reply With Quote Quick reply to this message
 
Old 06-16-2010, 04:36 PM
 
Location: Southeast
4,301 posts, read 7,017,927 times
Reputation: 1464
Moving the retirement age up by 2 over a period of 8 years causes that much of an outrage? I could not imagine what would happen in France if Greek style budget cuts were made, well except for the whole rioting thing of course..
Reply With Quote Quick reply to this message
 
Old 06-16-2010, 04:59 PM
 
Location: Tower of Heaven
4,023 posts, read 7,350,336 times
Reputation: 1450
Quote:
Originally Posted by Frankie117 View Post
Moving the retirement age up by 2 over a period of 8 years causes that much of an outrage? I could not imagine what would happen in France if Greek style budget cuts were made, well except for the whole rioting thing of course..
Exactly, I'm french so I can confirm that.This country has many economic problems since 1967, and to reform it correctly is so hard.Politicians here are cowards.
Reply With Quote Quick reply to this message
 
Old 06-16-2010, 08:18 PM
 
Location: Jonquil City (aka Smyrna) Georgia- by Atlanta
16,259 posts, read 24,693,358 times
Reputation: 3587
Quote:
Originally Posted by Frankie117 View Post
Moving the retirement age up by 2 over a period of 8 years causes that much of an outrage? I could not imagine what would happen in France if Greek style budget cuts were made, well except for the whole rioting thing of course..
I think it is more of give an inch, take a mile. But I admire the French for getting out and raising hell. Unlike the American shepple who just accept our fate at the hands of others who are richer and more powerful, at least they resist.
Reply With Quote Quick reply to this message
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.

Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.


Reply
Please update this thread with any new information or opinions. This open thread is still read by thousands of people, so we encourage all additional points of view.

Quick Reply
Message:


Over $104,000 in prizes was already given out to active posters on our forum and additional giveaways are planned!

Go Back   City-Data Forum > General Forums > Politics and Other Controversies
Similar Threads

All times are GMT -6.

© 2005-2024, Advameg, Inc. · Please obey Forum Rules · Terms of Use and Privacy Policy · Bug Bounty

City-Data.com - Contact Us - Archive 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35, 36, 37 - Top