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 ājust invest in the stock marketā 401k and the like. Pension obligations disappear and stock value goes up.
I have to buy shares. They are given shares. And even if youāre getting shares as part of your compensation, itās 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.
I don't understand why you don't ask your parents for a trust fund safety net then make a scam ass crypto AI startup to funnel money through. What are you stupid?
34 Comments
Quacksalber@sh.itjust.works · 98 pts · 100d
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.
ignotum@lemmy.world · 55 pts · 100d
But that would hurt the feelings of the trillionairesš¢
CompactFlax@discuss.tchncs.de · 22 pts · 100d
One of the contributors to the wealth redistribution was the move away from company pensions to ājust invest in the stock marketā 401k and the like. Pension obligations disappear and stock value goes up.
I have to buy shares. They are given shares. And even if youāre getting shares as part of your compensation, itās a fraction of what management gets.
Maeve@kbin.earth · 13 pts · 99d
It also causes people to invest in inherently evil products they wouldn't otherwise. Pension to 401k is strong arm (metaphorically speaking, obvs) robbery.
arrow74@lemmy.zip · 2 pts · 99d
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
Viceversa@lemmy.world · 4 pts · 100d
It still would rely on young people. Resources should be produced, they can't just appear.
Shellofbiomatter@lemmus.org · 13 pts · 100d
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.
Maeve@kbin.earth · 5 pts · 99d
Amen
Maeve@kbin.earth · 10 pts · 100d
Resources are hoarded for centuries.
boonhet@sopuli.xyz · 7 pts · 100d
Brb hoarding food to eat 40 years from now
Allero@lemmy.today · 5 pts · 100d
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.
Viceversa@lemmy.world · 2 pts · 100d
They still should be produced consistently and constantly.
Maeve@kbin.earth · 4 pts · 100d
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.
tacosanonymous@mander.xyz · 24 pts · 100d
Ah yes, The millennial retirement plan.
Allero@lemmy.today · 17 pts · 100d
Gen Z onboard with you!
We didn't even have a decent career start, straight into hell
tacosanonymous@mander.xyz · 10 pts · 100d
I appreciate the solidarity.
diffaldo@lemmy.dbzer0.com · 3 pts · 99d
We all will die miserably because of "the economy". Hoping for change is free though š„²
BarneyPiccolo@lemmings.world · 0 pts · 100d
Mine is Life In Prison, so don't fuck with me.
Amnesigenic@lemmy.ml · 17 pts · 100d
Be the Luigi you wish to see in the world, especially if you're gonna die anyway
YoureHotCupCake@lemmy.world · 5 pts · 99d
My thoughts exactly. If you have nothing to live for and are planning to end it all why not become a hero and take a billionaire with you.
Murse@slrpnk.net · 12 pts · 99d
Turn that gun around and go out with a historic bang involving as many of the people responsible for fucking our lives as possible.
End result will be the same for you; but much, much better for society!
ThunderQueen@lemmy.world · 7 pts · 99d
BarneyPiccolo@lemmings.world · 11 pts · 100d
Dr. Oz says we're "Under-babied." I'm sure he meant white folks, though.
Objection@lemmy.ml · 9 pts · 99d
Now now, don't shoot yourself. After all, you're not the reason those things are happening.
IhaveCrabs111@lemmy.world · 7 pts · 99d
Robots will help in your retirement. Robots you canāt afford.
diffaldo@lemmy.dbzer0.com · 1 pts · 99d
Fuck robots, they suck š”
IhaveCrabs111@lemmy.world · 8 pts · 99d
Those are even more expensive
Etterra@discuss.online · 6 pts · 99d
Also the capitalist system refuses to pay the citizens with the fruits of automation, instead hoarding the wealth amongst the top 1% of the top 1%.
RamenJunkie@midwest.social · 5 pts · 99d
I don't understand why you don't ask your parents for a trust fund safety net then make a scam ass crypto AI startup to funnel money through. What are you stupid?
/s
iocase@lemmy.zip · 4 pts · 98d
This is exactly what they want you to do.
What they DO NOT want you to do is contaminate multiple tons of fertillizer with diesel fuel
celeste@feddit.org · 4 pts · 99d
There are enough people because productivity is really high and has dramatically risen.
Capitalism just makes sure most of the fruits of labor never end up in your hand. So unionize!
AdolfSchmitler@lemmy.world · 3 pts · 99d
The ol' Smith & Wesson retirement lol.
houndeyes@toast.ooo · 2 pts · 99d
Better reserve a Sarcopod.
DragonTypeWyvern@midwest.social · 2 pts · 99d
Don't die for your country...
The rest is intentionally left blank as an exercise for the reader
Thebeardedsinglemalt@lemmy.world · 2 pts · 98d
I ran the numbers for your retirement. Have you considered dying young?