Having passed, albeit with a considerable dent in its prestige, the bill with the labour law amendments, the government has now decided to speed up.
It promotes the «mother of all peas», which is the ceding supplementary insurance to private insurance companies.
A move that will bring huge capital and profits to private individuals -obviously without compensation, will burden the budget with tens of billions due to the loss of contributions and will yield peanuts compared to a lifetime of deductions.
Arguments will of course be found, if only for the eyes of the world. They will tell us that the system promotes philanthropy and a culture of saving.
That «enough is enough with the young paying the pensions of the old», as is the case in the functioning public insurance systems. That they do so throughout Europe.
They may even show us examples, set up properly to prove that if you take away the greed of the insurance giants, and the possibility of losing contributions, the final pensions that will be awarded may be decent. And of course they will avoid any dialogue, as they did with labor.
That's why the argument that they're going to set up has to be deconstructed from the very first moment and sifted.
The privatisation of supplementary insurance cannot be justified in any way, except by the huge kickbacks that will result. People need to understand what game is being played on their backs.
