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I'm against compulsory superannuation too, but I think you dramatically overstate how bad it is. It's trivial to find a good fund and put your money in there and get good returns. And then you have a nice pile of money waiting for you when you retire.
Property is indeed expensive, because we have high immigration rates that our construction rates don't keep up with. But not as bad as the UK.
I don't know what pathways Indian doctors take to get here, but there sure are a lot of them, so a pathway must exist.
The food is a lot better than the US too IMO.
The biggest problem in my opinion is disastrous energy policy that is leading to skyrocketing power prices.
The pathway to simply becoming "a" doctor in Canada is relatively simple (albeit still gated off from me for the same stupid reason the US is).
But specialization is a far bigger hassle since they're uber protective of their local residents, making it a PITA to progress in your career.
I'd go so far as to say it's better to go halfway down the pipeline in the UK and transfer to Canada for double the pay, instead of sticking it out at either end.
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I just want to keep my money, why is that so much to ask? My investments do better than any fund manager and so what if I did worse, it's my money. Is there any confidence the money will really be there when we retire, that the baby boomers won't take it all, or the government won't tax/inflate it away? In crypto, there's a saying 'not your keys, not your coins' which should go double for wealth hidden opaquely that can't be withdrawn by law. And $30 billion is charged every year in superannuation fees.
True on the Indian doctor front, I understand that there's a lot of cheating, degree mill universities, fake credentials. Presumably that's why we have these rules and checks, though the UK is more desperate for doctors.
As I said, I oppose compulsory superannuation and this is one of several reasons why.
This however is paranoid rambling. The super funds really do have massive asset portfolios and they really do pay out balances to retirees.
It is indeed important to a) consolidate all your super into one account so you aren't paying multiple sets of fees (this is basic advice but many don't follow it) and b) make sure you are with a fund that delivers good after-fee returns. There are definitely a bunch of funds that provide bad value and eat away at balances through excessive fees.
Having said that, $30 billion in fees does need to be put in context of $3.5 trillion total assets. It's still less than 1%, despite the problems that exist.
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If you can consistently outperform indexes then you should quit your job and become a hedge fund manager. I seriously doubt that’s the case but if true you could become so rich you wouldn’t need the superattenuation.
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Most countries are content to have their own medical licensing exams that international doctors must pass.
If they don't catch the frauds, they're not very good exams IMO.
The UK makes do without the thing that the other Commonwealth countries and the US quibble over, but to be fair most med schools have that by default, which is why it came to me as a kick in the nuts when I graduated and found out mine didn't. It's not a legal requirement for one to have it here.
Also, a major reason that the UK is desperate for doctors is that a sizeable fraction of their native ones have had enough and are fucking off to other countries as fast as they can. So they fill that lacuna with IMGs like me.
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