That more young people are needed to contribute tax money to the retirement fund is a hoax anyways. Governments could choose to fund retirement funds through any number of ways. A wealth tax for example.
One of the contributors to the wealth redistribution was the move away from company pensions to “just invest in the stock market” 401k and the like. Pension obligations disappear and stock value goes up.
I have to buy shares. They are given shares. And even if you’re getting shares as part of your compensation, it’s a fraction of what management gets.
It also causes people to invest in inherently evil products they wouldn’t otherwise. Pension to 401k is strong arm (metaphorically speaking, obvs) robbery.
I’d slightly disagree with the first point only because pension funds were invested the same way a personal 401k is. Either way your retirement money goes to inherently evil products
I would posit it depends on the resources. Clean air, water, and soil. Renewable energy. Heritage seeds. Comprehensive, fully funded, world class education. Comprehensive, fully funded health. Cleaner engineering and building. Infrastructure. Fully funded, safe and livable housing.
Wealth otoh should not be hoarded, and should be seen as the things I listed above, and more. Apologies, I’m a bit in a hurry and still waking up.
That more young people are needed to contribute tax money to the retirement fund is a hoax anyways. Governments could choose to fund retirement funds through any number of ways. A wealth tax for example.
One of the contributors to the wealth redistribution was the move away from company pensions to “just invest in the stock market” 401k and the like. Pension obligations disappear and stock value goes up.
I have to buy shares. They are given shares. And even if you’re getting shares as part of your compensation, it’s a fraction of what management gets.
It also causes people to invest in inherently evil products they wouldn’t otherwise. Pension to 401k is strong arm (metaphorically speaking, obvs) robbery.
I’d slightly disagree with the first point only because pension funds were invested the same way a personal 401k is. Either way your retirement money goes to inherently evil products
But that would hurt the feelings of the trillionaires😢
It still would rely on young people. Resources should be produced, they can’t just appear.
Technically yes, someone has to produce resources, but thanks to modern technology. Each individual can produce huge excess of resources.
Just way too many times this production capacity is turned towards producing crap we don’t need that breaks down after few uses.
Amen
Resources are hoarded for centuries.
Money is hoarded. Hoarding resources is a bad idea overall, as storage prices accumulate over time.
And money can’t buy anything if it doesn’t exist in the first place.
Brb hoarding food to eat 40 years from now
They still should be produced consistently and constantly.
I would posit it depends on the resources. Clean air, water, and soil. Renewable energy. Heritage seeds. Comprehensive, fully funded, world class education. Comprehensive, fully funded health. Cleaner engineering and building. Infrastructure. Fully funded, safe and livable housing.
Wealth otoh should not be hoarded, and should be seen as the things I listed above, and more. Apologies, I’m a bit in a hurry and still waking up.