It is the responsibility of individuals to save and provide for their own retirement. Governments have no obligation to provide this benefit. To what extent do you agree or disagree with this statement?

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It has been suggested that saving and providing money for their own
retirement
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rely on an individual's duty. I think it is a very crucial issue. Individuals can be found on both sides of the argument with strong logic.
However
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, l strongly disagree that Governments have no obligation to provide
this
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benefit because
retirement
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is the
responsibility
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of the
state
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. There are many good reasons why some
people
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believe that it is the
responsibility
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of the
state
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to provide all
facilities
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when
people
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are gone
retirement
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. Undoubtedly, paying taxes is extremely vital. If you look around,
for example
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, it is acknowledged that
people
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are paid taxes to the
state
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for the country's development. Each and every prosperous
people
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are directly or indirectly involved. So, the
state
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should take
responsibility
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for older
people
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to provide
facilities
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for
retirement
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.
Besides
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, as a government employee who has been working for many years for the nation and the
people
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.
Consequently
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, they have deserved
retirement
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facilities
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after they finished their job.
On the other hand
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, despite the above argument other
people
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think that it is their own duty to save and provide for their own
retirement
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.
To begin
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with, a high wage is very important in
this
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case. To exemplify, in modern society, an increasing number of
people
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are working for high salaries. So it is our own duty to invest some money for the future.
This
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is the proper way of saving and providing money for
retirement
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all over the world. In conclusion, I strongly disagree that the
state
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has no obligation to provide
retirement
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facilities
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. If the government takes
responsibility
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for the
people
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,
this
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could bring more economically balanced to society.
Submitted by baborhassan on

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Topic Vocabulary:
  • retirement savings
  • financial planning
  • economic circumstances
  • government provision
  • basic state pension
  • financial independence
  • income disparities
  • aging populations
  • social safety net
  • tax burden
  • financial education
  • quality of life
  • personal financial responsibility
  • social inequality
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