Or, think of Social Security in America. Everybody who works on a job pays SS tax. Most people don't know that a simple letter to your employer can stop the SS deductions out of the paycheck. There are many people living off their Social Security, people who would have nothing, because they weren't smart enough to save up for old age.
IMO, the saving part must be left to the individuals. I don't want to pay a certain amount to the government, so that I get a monthly pension once I retire. I would rather invest that amount in some mutual fund or equity, and use it to take care of my expenses once I retire.
You are saving, then? You have some bitcoins and gold and silver and investments in land?
Many people don't know how to do this kind of investing. Sure, they are empowering a misguided government by their SS tax payments. But at least they might have a little something for old age.
How do you know for a fact that you investments won't fail?
I agree with you that people should not be depending on Government. But they go to Government schools, and are trained out of even common sense wisdom therein.
