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Retirements: the older generation is always supported by the young
2014 Nov 6, 7:32am 1,182 views 1 comment
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Tenpoundbass
2014 Nov 6, 7:38am
Tenpoundbass
2014 Nov 6, 7:38am
Not this shit again.
Time to put people to work, when people don't work they worry about what other have.
Also it would help to end this age of Keynes and return to paying savers interest. Then that way the retirees as well as the 401K'ers wont be investing in an endeavor that undermines their job security. Those companies that they invest in and depend on quarterly earnings drive all of the pink slips, lays offs and wage reduction.
Hate the game not the player.
How do you finance retirement:
1 - people can save during their work life, setting money aside that they will spend in retirement
2 - we could have a tax to directly pay pensions to older folks.
3 - children pay for their parents.
In (1), the only reason the money saved has any value is because younger people are working to produce stuff in exchange of this money.
Young people with their salaries compete with retired folks for access to goods and services. The more retired people, the less stuff the young can afford compared, to what they produce.
So in all cases young people directly work to finance retired people.
Well in (1) there is also a big financial industry that profits from it.