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Tesla's Nordic labor crisis drags on as a Danish pension fund dumps its shares in Elon Musk's EV maker
(markets.businessinsider.com)
this post was submitted on 07 Dec 2023
283 points (97.0% liked)
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You can see the alternative in Germany. A considerable amount of tax money has to go into the pension fund just to keep it alive. It's the biggest part of our budget!
To be fair a large part of that is the ridiculous assumptions built into the system from the start, as far as I recall they assumed something like an 18% population growth from generation to generation as a minimum. This obviously won't work if you have past giant generations retiring at times when the current generation is much smaller.