The following text is a continuation of the debate between Petar Volgin and Petar Ganev "FOR and AGAINST the social state", organized by the Bulgarian Libertarian Society. The audience at the Studio 5 club, where the clash of ideas took place, had many more questions than time allowed, so both participants agreed to …
More »It's time for pension reform, not political games
For the Christmas and New Year holidays, the government decided to give us a "small" surprise. In just a week, controversial changes to the Social Security Code (SSC) were voted on without any public debate or preliminary assessment of the impact of the adopted regulatory texts. Many question marks, disappointments and future economic shocks were tried by the government ...
More »Nationalization of funds in private pension funds. Some effects of changes in pension legislation
At the end of last year, the ruling coalition, led by the right-wing (in words) GERB party, introduced changes to the pension insurance law, which are not just not a step in the right direction, but a leap in the exact opposite. Due to the great economic importance of the negative reform, it is important to highlight some …
More »Incentives in the Bulgarian pension system
"I don't want to pay social security contributions while I'm working, and if I do, they should be as low as possible. I want to retire early and receive a large pension for many years." Although clearly devoid of any economic logic, this would be the dream pension system of a large part of the population. ...
More »Higher social security contributions – less employment
Although the BSP has not been in power for some time, the party spirit and "social" sentiments continue to hover in the corridors of power. Further proof of this is the actions of the acting Minister of Social Affairs, Yordan Hristoskov. A few weeks ago, he warned that if unions and employers do not agree on an increase ...
More »At a conference on right-wing social policy (sort of a report)
On July 17, in one of the smaller halls of the Balkan Hotel (former Sheraton) in the center of the capital, a conference was held under the title "Social Policy for Growth - the Right Path", organized by the Konrad Adenauer Foundation, affiliated with Mrs. Merkel's party in Germany. The main idea of the event, as explained by the hosts, is ...
More »Voluntary alternatives to the welfare state
It is difficult to argue with arithmetic and, accordingly, with the thesis that the welfare state is facing bankruptcy. About 30% of everything produced in Europe and North America is seized by the state and spent to improve the well-being of certain social groups – the poor, children, pensioners, etc. However, this redistribution ...
More »The bankruptcy of the welfare state
The effects of the disastrous monetary and housing policies pursued by the American government in the early years of the new century became visible around 2008 with the so-called beginning of the financial (later economic) crisis. In law, the economic distortions had long been present, and what we observed after the bursting of the bubble was actually the experience …
More »Distrust in the National Social Security Institute
The upcoming deal with POK Doverie has caused serious controversy, with one of the most widespread opinions being Dimitar Sabev's article "Distrust in the Second Pillar", published on the Solidarna Bulgaria website. As we can assume from the title of the media outlet, the article's bias is quite anti-market (after all, as we have been told many times before...
More »The problematic pension system
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EKIP– Expert Club for Economics and Politics A Different Opinion