Couple interesting articles.
I have zero doubts there are those here who will try to make this about partisan politics vs seeing it, for what it is. Do note, the same people that voted yes, also voted no to age eligibility.
Something. More and more countries are doing, Harper did to OAS and was vilified for.
With an ageing population and ever-rising living costs, Switzerland has held a referendum that could reshape pensioners' lives.
www.euronews.com
Some age demographics ( aka who voted yes/no)
This statistic displays the population of Switzerland, by age group in 2015, with forecasts for 2025 and 2035.
www.statista.com
Do also note their current and near term debt/gdp ratio is way lower than ours.
The ratio of national debt to gross domestic product (GDP) in Switzerland was forecast to continuously decrease between 2024 and 2029 by in total 5.6 percentage points.
www.statista.com
Do also note monetary policy and there are reasons the CAD/CHF is $0.65
OECD's dissemination platform for all published content - books, podcasts, serials and statistics
www.oecd-ilibrary.org
Do also note capital bleed is not as bad as ours
Credit Suisse expects a pretax loss of up to 1.5 billion Swiss francs ($1.58 billion) in its fourth quarter as it keeps bleeding cash, the Swiss bank said on Wednesday, shortly before shareholders approved a $4 billion capital hike.
amp.cnn.com
Do also note real gdp is way way better than ours….nor are they a
one trick pony
Switzerland's real GDP hit $712.3 billion in 2021, an increase of 3.7% over the previous year. Switzerland's economy grew by a CAGR of 1.5% between 2010 and 2021.
www.globaldata.com
Vs
Causes of Canada's slumping economic growth are domestic, not external. Read more.
financialpost.com
Do also note what those people will be doing to the Swiss healthcare system. Which also includes personal out of pocket expenses
By Isabelle Sturny, Swiss Health Observatory Switzerland’s universal health care system is highly decentralized, with the cantons, or states, playing a key role in its operation. The system is funded through enrollee premiums, taxes (mostly cantonal), social insurance contributions, and...
www.commonwealthfund.org
A growing typical Canadian peon lefties here say they champion
“I find it appalling that people who contributed to Canadian society for decades are working when they'd rather not because a government pension can’t support them—if they have one at all”
macleans.ca
More and more of them they say they champion. In the same way they care about small town Ontario.
A lot of whom apparently need UBI now thanks to heads in the sand and are being fed upon…..
They just don’t. They sure talk good games though.
Saving for retirement has become harder because of higher interest rates and inflation, says study. Read on
financialpost.com
if only people who think they knew/know better had started listening to experts 25 years ago.
