Written by Eduardo Gabriel Lopez on . Posted in Politica.
Pensions are too important to be left to governments.
Once again, we see the discretionary use of the pension funds administered by the State in Argentine.
INFOBAE: The Argentine government ordered the pesification of the bonds in dollars from the Anses's Sustainability Guarantee Fund to "give depth to the bond market." First of all, we should clarify that the FGS was created in 2008 with the savings that the State confiscated from those who had savings in the AFJP (capitalization regime).
When Kirchnerism decided to end the capitalization system to appropriate the resources it needed to carry out populism, it was not that it closed the AFJP system and returned said funds to each of the workers who had their savings in the AFJP. He directly kept them. Which is, more than a confiscation, a "legalized" theft because there was no need or urgency to keep people's savings. In the name of "social solidarity" the State directly reached into our pockets without any type of compensation.
