Retirement is for privileged boomers.
We will work until we die unless we figure out how to get taxes from billionaires and generational wealth holders to establish a universal basic income.
this post was submitted on 04 Mar 2025
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Taxing billionaires will not solve the problem of the lower class impoverishment if the system it goes to remains bloated and wasteful. It’s an easy finger to point but the wrong take on a solution. How much of an average workers’ dollar gets taxed? It’s really quite astounding
The point is not the taxes, it's the UBI. The wealth taxes are just how you pay for it.
You also need to ensure certain consumer protections, especially in real estate markets, in order to make UBI work well, but let's start there.
Now that idea is something I would probably still consider. On one hand I think UBI would be pretty damn cool, and probably a useful advancement for society. On the other hand, the reason for the desire for UBI in this instance is still incorrect and that it is essentially asking for the labor of another to feed you or to feed others simply because they were successful. It seems like a good move initially, but if you think about how it could play out, that could actually be an incredibly damaging thing for society. People that would normally be driven to innovate are then stifled and subdued with this because they’re just waiting for someone else to reach that level of success so that they can be fed more.
That is a common belief, although it doesn't stand up to academic rigor. There are many studies that show UBI does not negatively impact productivity or innovation, and may even stimulate more.
It seems counterintuitive, but when people have basic needs met, they tend to spend more time improving their skills, experimenting, starting new businesses, and finding better employment matches.
Governments already spend o lot of money on providing services to individuals, such as social security, pensions, healthcare, childcare, education, policing and corrections, food security, housing subsidies, etc. As it turns out, often the most efficient way to provide services to people is to give them money to provide for themselves.
On the other hand, I'm not aware of any studies that show wealth aggregation increases productivity after businesses leaders are paid more than ~50 times their average employee. The typical CEO today earns 351x more than the average employee, which is more than a 1000% increase from the late 1970s.
Bold of you to assume you get to retire, and social security will exist by that time!
When I was young, I was poor but after decades of hard work, I'm not young anymore
Never too young to di-g up an old firearm and locate the nearest-mental health facility! Oh, they gutted those? Shoot the rich!
Retirement is nothing but a fantasy. I own a home and the only way I can think of Retirement is if I sell it, then what though??? Live under an overpass slamming heroin every night just to stay warm?? I won't rule it out but still
They got those year long cruises you could get on and slam heroin in your room.
Lol, retirement.
When you’re too old to rock ‘n’ roll and you’re too young to die
Easy, live in a civilised country, get yourself a [email protected] and you can retire early. And on top of that you get the fun of [email protected] and being a burden on your whole family.
In related news, suicide rates continue to climb.