tag:blogger.com,1999:blog-2546602206734889307.post1752976983738687669..comments2024-03-29T12:16:15.785+00:00Comments on mainly macro: Which OECD country is the highest social spender?Mainly Macrohttp://www.blogger.com/profile/09984575852247982901noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-2546602206734889307.post-45239241617764875242023-05-31T12:14:31.721+00:002023-05-31T12:14:31.721+00:00The blog provides valuable insights into the compl...The blog provides valuable insights into the complex nature of social expenditure. It emphasizes the need to define social expenditure and includes both public and private spending, highlighting the significance of private contributions in countries like the United States. The blog challenges simplistic views on public spending, emphasizing the importance of considering the financing mechanisms and overall social spending levels when discussing the role of the state and tax policies.Pension in Switzerlandhttp://iwp.ch/pensionshttp://iwp.ch/pensionsnoreply@blogger.comtag:blogger.com,1999:blog-2546602206734889307.post-91275558316935846472023-05-02T15:49:33.262+00:002023-05-02T15:49:33.262+00:00you touch a little on the risks of social spending...you touch a little on the risks of social spending, in particular pensions<br />The (private) pensions market has long seemed implausibly dysfunctional. At twenty something, we are required to pick one or more pension funds, with the simple goal of the best outcome 40 years hence. We are also expected to decide hoe much we will need to live in the subsequent years, possibly again as many as 40 years - my father died nearly 104, having retired at 60, mercifully on an index linked GPO telephones pension inherited by BT. In his case, how could anyone make a a rational decision when taking out a private pension in 1933, to mature in 1974, and provide a living until 2018 - I can only hope I don't live as long as him, as I have little confidence that my pension pot, which has effectively just dropped by ~10%, would be adequate for another 35 years<br />Surely there could profitably be a risk analysis of what risks the individual can reasonably manage and what risks can shared through the insurance and other commercial markets, and what risks can only be shared through the state and the tax systems?<br />Jim Cuthberthttps://www.blogger.com/profile/08854078644617098338noreply@blogger.comtag:blogger.com,1999:blog-2546602206734889307.post-89514561087332735662023-05-01T15:04:58.017+00:002023-05-01T15:04:58.017+00:00Yet again you blame Conservative governments compl...Yet again you blame Conservative governments completely for the drop in spending as if it’s a fact. What % of GDP is spent annually on debt repayments and how much of that debt was caused by Blair/Brown? Maybe that is why spending has had to fall in other areas. Anonymousnoreply@blogger.com