Some people believe that government should take care of old people and provide financial support after they retire. Others say individual should save during their working years to fund their own retirement. What is your opinion? Give reasons for your answer

Although
some agree that it is the responsibility of the
government
to take
care
of older
people
and
support
them when they retire, others believe that a retired
person
must save enough while working to fund their
retirement
. I agree with the latter view, as it would be beneficial for both the
government
as well as the young population. On the one hand, it is thought that an individual should
support
himself or herself at the time of
retirement
from its saving because it would be beneficial for the higher authorities. In many nations, the
government
needs to make some provision from its budget for
an
Correct article usage
apply
show examples
elderly retired
people
in order to take
care
of them. If the retired
person
has their own saving so as to
support
him or her after
retirement
, there will be less burden on the
government
for taking
care
of the retired individual.
Moreover
, the higher authorities would concentrate more on other important aspects for the development of its nation
such
as the construction of roads, dams, bridges, hospitals and schools.
Thus
, for the benefits of governments, one retired
person
must
support
himself or herself after
retirement
.
On the other hand
, funding for its
retirement
from the saving of fund during working by an individual would bring benefits to the youth. To elaborate, in developing countries the higher authorities charge higher
income
tax
rates to their citizens than those in developed countries.
Therefore
, each individual has to pay more
income
tax
from its earning in order to
support
the retired
people
.
In contrast
, if elderly retired
people
supported themselves from their saving after
the
Correct article usage
apply
show examples
retirement
, the younger population would be paying less
income
tax
from their savings as the
government
would not be taking
care
of the retired
people
.
Hence
, the retired
people
must
support
themselves from their saving. In conclusion, if an older-retired
person
supports from its saving after
retirement
, not only will there be less burden on the
government
for taking
care
of them, but
also
the youth will be less
income
tax
from its salary for supporting them.
Submitted by jdsmss on

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