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Cake day: November 10th, 2024

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  • I asume you are not German, because it’s common knowledge that the pension system is vulnerable since it’s conception in the 1950, and that it will become unsustainible in it’s current form since the introduction of working contraception.

    After WWII there was no capital to pay pensions whatsoever. To be able to pay pensions, the pension system was based upon a fictitional “generational contract” - people pay pensions to the older generation, and acquire the right to get pensions from the next generation. This “contract” only works if there is a next generation of about the same size as the previous. Since the introduction of working contraception, the system is broken.