Why You Will Never Retire
Why You Will Never Retire
Economist Teresa Ghilarducci on why some 90-year-old Americans are pushing shopping carts in the heat trying to make ends meet.
TLDR: We're all fucked.
If I may entertain a glimmer of hope, I felt it when children were described as innately understanding how the system we have today is wrong. At least the truth is known.
There's little hope for us... but hopefully the kids will get to enjoy it... before everything goes pear shaped anyways...
If we don't all work until we're 90, how will line keep going up?
nsfw
lol
The Raccoon for Lemmy app has some weird bugs, one of them is marking draft posts NSFW without telling you. The post should be fixed now.
That's unfortunate as it's no longer in development.
It seems like we need to build a system to guarantee a retirement. Maybe some kind of public pension? If you work thirty years, you're fully vested in your own funds independent of your employer. Build it sustainably, everybody starts from the ground up, so that a portion of the funds coming in can be saved and grow in perpetuity. Might be easier to implement with a jobs guarantee, we should be training up more medical staff and environmental/sustainablity specialists anyway. Might be even easier if the government starts building housing to a passive house standard and part of your compensation is that you can lease-to-own the housing from the government as part of your employment. These high quality units would be incredibly energy efficient, and could be built-in ways that encourage regular micro-mobility use (walking, biking, e-bike).
How could we afford to pay for all of this? By reclaiming the stolen wages of the working class and ending The Second Gilded Age.
- Ending Nepotism - 100% inheritance tax over some reasonably high number pegged to inflation or a better indicator (maybe real value)
- Wealth Tax - Progressive tax based on assets owned for those as similar number as above
- Income Tax Reform
- Funding The IRS
- Business Tax Reform
- Eventual Profits From Government Financed Worker Owned Co-ops (and supporting existing small businesses)
Both the government run and worker-owned businesses can compete in the market with big corporations and force the corps to drive down prices. That way the government can moderate the financial sector (who is driving the inequality) indirectly through market competition.
can still be having to work
Where the hell is Rick James?