In a young country, a pay-as-you-go system should yield surpluses, which can be invested in infrastructure and education.
This is the trouble with the present pay-as-you-go system: it relies on future governments to keep their predecessors' promises.
Mr Zedillo reformed pensions, switching from a pay-as-you-go system to Chilean-style individual capitalised accounts for new workers, but with one embellishment.
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This, the inevitable result of a pay-as-you-go system in an ageing population, is the cause of the programme's long-term financial problems.
The Oyster card touch-and-go system was first introduced in London in 2003 to help speed up passage through Tube gates and bus doors.
Despite recent turbulence in the markets, returns in Chile over the 17-year life of the scheme have greatly exceeded the derisory returns implicit in the earlier pay-as-you-go system.
What the reform involves is moving from a tax and redistribution, pay-as-you-go system, with no real savings and investment anywhere in the system, to a fully funded, savings and investment system.
This raises problems for pensions (Japan has a pay-as-you-go system) and health care (the number of people with senile dementia is set to reach 2.6m in 2015, up from 1m in 1990).
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All of these steps would be taken to ensure Social Security's solvency during a transition from the current pay-as-you-go system to a private account system, where less payroll tax revenue would be available to finance benefits.
Overall, what the transition is really financing is the increased savings and investment involved in shifting from a pay-as-you-go system to a fully funded system, just as with eliminating the unfunded liabilities of any underfunded pension plan.
The production tax credit given to wind, for example, has become a bargaining chip that results in an unhealthy stop-and-go economic system, says van Nispen.
Though a dedicated reformer, he shelved plans to overhaul the decaying pay-as-you-go pension system, after public-sector unions, his power base in Pasok, held demonstrations in protest against even the modest reforms he had proposed.
The Ryan-Sununu approach would turn a deadweight, pay-as-you-go liability system into an enormous generator of capital that would significantly increase economic growth in the years ahead--and give participants far more in retirement payment and leave them a real nest egg of capital.
That means about 2.6 million units need to go through the system to cleanse the market.
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Sony is adopting a game-focused model, attempting to be the go-to system for games, games and more games.
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Billions of public tweets are already available, and millions of new tweets go into the system every day.
Sometimes a "dodgy policy" can go through the system as there is not enough money to proceed with litigation he told committee members.
Contributions to Japan's partly funded system go into a special account at the finance ministry, to be managed by the ministry's trust-fund bureau.
If enterprise software makes collaboration too difficult, users will simply go around the system and use ad hoc applications over which IT has no control.
This is the reward for trying to go through the system?
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If a customer wants a white Sienna minivan with a beige leather interior and a roof rack, the dealer can go in the system and configure one.
When employees have to go outside the system for the most basic needs, e.g. transport to and from the airport, travel costs can quickly spiral out of control.
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The aforementioned shadow inventory poses another problem. 2.6 million units still need to go through the system to cleanse the market, which in turn has faced tougher regulation in some states.
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Are we better off slowing down our organizations and blocking collaboration altogether (thereby forcing users to go around the system), or accepting that mistakes will sometimes happen but having the awareness and ability to immediately respond?
This wouldn't be able to replicate the function of the vestibular system, but it could act like a pacemaker for people who have attacks that make the vestibular system go haywire, like sufferers of Meniere's disease.
Arbitrage across price regimes sees to that and so one or the other need to go for the system to, well, for the system to do what it is supposed to do which is get the necessary drugs to ill people.
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Isn't it better to go back to the system of 16 exams, 18 exams?
But if the demands are not tethered in reality, we'll go through the court system.
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They want to go back to a system that allowed for taxpayer bailouts.
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