Comment on Retirement Plan 🕛
Quacksalber@sh.itjust.works 1 week ago
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 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.
ignotum@lemmy.world 1 week ago
But that would hurt the frelings of the trillionaires😢