World Bank - Pension scheme
By kumbarn14
@kumbarn14 (735)
Pakistan
May 18, 2007 9:42am CST
The World Bank which caters to finance around the Global - you name any crisis the human beings encounter. To help themselves specially poverty is concerned - the Bank could have a statistic figure of the number of people around the world and accordingly arrange pensions individually through their respective country banks which will be crystal clear accounting system and there will be no third or 100s' of parties involved in the distribution of funds. This will bring down the poverty and the poor living conditions of the people around the Globe and it will be a blessing in disguise. Is it impossible, there is nothing impossible. What do you say?
1 response
@squaretile (3778)
• Singapore
22 May 07
this is a virtually impossible scheme. the suggestion is to arrange for a worldwide pension scheme. already all around the world, governments cannot fulfill their pension promises to their tax paying citizens.
how would you finance such a scheme? countries that provide generous pensions also have high tax rates. it is not possible to standardise tax regimes worldwide. it is a fiscal policy tool held in the hands of independent governments. no one would give up sovereignty. this is a utopian scheme, but unfortunately one that the world bank would not take up.
@kumbarn14 (735)
• Pakistan
22 May 07
Thank you for you thoughts but dont you think if the World Bank does it will be a well organised World where every one can get a fare share of the World Bank finance and a better place to leave in every corner of the World. Hope their expertise plan something for the common man.
