The shortfall of social insurance revenue and expenditure in mainland China exceeds 600 billion in 2020, and the mainland media has recently been frequently promoting the payment of social insurance. Some people told the Epoch Times that the economic recession has made the people unable to pay social security, and that the Chinese Communist Party‘s social security system is corrupt and untrustworthy, so the people do not want to be cheated.
According to official data only during the Communist Party’s two sessions, the mainland’s social insurance fund budgeted revenue of 7.21 trillion yuan (RMB, same below) in 2020, down 13.3 percent, and the mainland’s social insurance fund had a shortfall of 621.917 billion yuan in revenue and expenditure.
According to public information, social insurance on the mainland is divided into two categories: employees and flexibly employed persons. Social insurance for employees, also known as “five hazards and one fund,” includes basic pension insurance, basic medical insurance, work injury insurance, unemployment insurance, maternity insurance and housing provident fund, each of which has a part paid by the unit and a part paid by individuals; social insurance for flexible workers includes pension insurance and medical insurance.
Looking at the cost in 2020, for example, with an income base of RMB 5,000, the individual portion of the employee’s contribution is RMB 525 and the flexibly employed person needs to contribute RMB 1,340.
In addition, mainland social security requires 15 years of accumulated contributions in order to receive a pension after the legal retirement age.
Analysis: Private enterprises cannot afford to pay in the economic recession
At present, the five major social security insurance schemes in China are mainly paid by enterprises and individuals, accounting for a combined social security contribution rate of 41 percent of pre-tax income for both enterprises and individuals, placing a heavy burden on enterprises and individuals, and the number of people refusing to pay social security contributions is increasing.
Ms. Xue, a university teacher, told the Epoch Times that people’s reluctance to pay social security is directly related to China’s current economic recession, and that for the vast majority of young people, the pressure to survive is too great to think about what happens after old age.
Liu Ming (a pseudonym), who works in law in Beijing, said that the reluctance of the young generation in the mainland to buy social security mainly occurs in private enterprises.
Liu Ming analyzed that the low willingness to pay social security is, on the one hand, due to the fact that wages in the private sector are already not high, and if a portion of social security payments is deducted every month, it will be very low, especially for migrant workers, who are even more reluctant to buy. In addition, the burden of taxes and other burdens on mainland private sector enterprises is too heavy to afford social security contributions for their employees.
The people’s money is used to support the huge Chinese Communist Party bureaucracy
Ms. Xue also mentioned, “When the mainland media started to talk about the necessity and benefits of purchasing social security, anyone with a little bit of brains would know what the reason behind such a public opinion is – there is really a big hole in the pension fund that cannot be filled. So who is willing to make sacrifices with their own survival funds to fill the bottomless hole created by government corruption?”
Liu Ming said, “The loopholes in the regulation of social security are very big, it involves quite a lot of corruption, quite a lot of behind-the-scenes dealings, some collusion, some misappropriation, and social security corruption.”
In addition, the mainland’s financial support staff is unusually large. Liu Ming said, this is the mainland is second to none in the world, eating official meals of such a large number of people, including the Communist Party state organs and state-owned enterprises, from the macro increase the economic burden, especially the burden of small, medium and micro enterprises, private enterprises.
Communist Party social security breach of trust people: social security is a front to squeeze the people
Li Hua (a pseudonym), who works in a factory, told the Epoch Times that she has never paid into social security for a simple reason – distrust.
“Where is there any protection, no protection for sickness, no protection for insurance, no protection for Education, no protection for retirement, where else is there social security? Basically, I myself have not bothered to pay a penny.” Li Hua said, “The most basic fairness and justice is not guaranteed, why should I spend that money.”
“The people pay social security is to give money for nothing, but also for civil servants pension. You work hard to earn money to spend for him, you do not have a point, this is to squeeze the Life of the people.” She said.
Li Hua said bluntly that the system is just not trusted. For example, she said, “Millions of deputies to the National People’s Congress are elected by the people one vote at a Time, but which people see what the ballot looks like? Many of them (the Chinese Communist Party) talk about themselves, they say whatever they want, what right do the people have to speak? They (the Chinese Communist Party) are the norm.”
Ms. Xue’s analysis says that social insurance is one of the CCP’s grand reasons for extracting wealth from the people, and that Chinese people buying social insurance is like making a very unfair deal with a triad, both pay out, just the difference between how much they pay out and how little they pay out, so there must be many people who will consciously reject this unequal deal by not paying social insurance.
“The Chinese (Communist) government is competing with the people for profits, and for nearly two decades this various trickery against the common people has been going on more and more without regard to face. Anyone with a clear eye can see this, it’s just that people dare not speak out in anger.” Ms. Xue said.
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