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Originally Posted by epitome
Anxiously waiting to hear the secret!
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You pay in a huge sum over the years, with high wages/tax, employing people, selling and getting the sales tax added. Then at the end you get a pittance back.
Much better is to put money into various private pensions funds and invest in solid commodities with a long term plan.
Some welfare, like pension, invalid, medical aren't means tested. Yet to rely on these 100% when it's possible to add to them with private doctors and hospital plans is best. For instance, my doctor is private, so I don't wait and don't get a 10 minute slot to discuss my treatment. Recently had an operation in a private hospital, own room, toilet, bathroom, TV, etc. Eva still brought me my food, as I need a special diet and it;s best she or I cook it. They cook Czech food here and not suitable for me.
Also retirement pension here sucks. I think it's $300 a month. I'm on invalid pension and even the English one of $800 a month sucks. Now the EU had decided I should get the Czech one of $300.
So I advise you not to rely on Government welfare, it's only to keep the very poor from falling between the cracks. Invest in private pensions like I did and do it for at least 30 years as markets go up and down. Or buy something that never goes down, good plots of land.