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Kiwinomics t1_jdwbqg6 wrote

Literally the opposite. Pensions are a transfer of wealth directly from the youth to the elderly. This change benefits young people by reforming an unsustainable system and is actually good policy. Unfortunately benefit reform is politically toxic in a democracy and most people don’t care to understand the nuances of it.

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turbo-unicorn t1_jdxk847 wrote

I'd argue this isn't really a reform - you'd need even more unpopular measures in order to properly stabilize it.

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