A world without retirement?
theguardian.com
A world without retirement?
1–10 of 169 posts
Re: A world without retirement?
#2> Bismarck did, however, have a further vision that was genuinely too radical for his era: he proposed a pension that could be drawn at any age, if the contributor was judged unfit for work. Those drawing it earlier would receive a lower amount.
I wonder how well this would work in today's society. Pretending disability doesn't exist, and just making it a simple rate decrease for the earlier you withdraw.
Re: A world without retirement?
#3I've come to terms with the fact that I'll work until I can't, possibly because of an illness or just sheer exhaustion.
Re: A world without retirement?
#4> Bismarck did, however, have a further vision that was genuinely too radical for his era: he proposed a pension that could be drawn at any age, if the contributor was judged unfit for work. Those drawing it earlier would receive a lower amount. I wonder how well this would work in today's society. Pretending disability doesn't exist, and just making it a simple rate decrease for the earlier you withdraw.
That sort of exists in the US system for Social Security. You can retire as early as age 62, but at a reduced (80%) benefit. If you wait until you're 67, you get the full 100%.
Of course, the payment is a pittance compared to most actual pensions.
Re: A world without retirement?
#5I'm currently writing a list of things to consider when creating a UBI scheme (concerns that I often don't see addressed), and this is an easy way to illustrate one of them.
One simple way to implement "single payer" healthcare in the US would be to slowly expand the medicare (US program for people 65 and older) coverage by moving the age lower every year.
Very similarly, a simple way to incrementally implement UBI would be to lower the "retirement age" every year.
But precisely the opposite is happening. Per the article:
> In 2010, British women got their state pension at 60 and men got theirs at 65. By October 2020, both sexes will have to wait until they are 66. By 2028, the age will rise again, to 67.
How do people who think a feasible UBI future is possible square with this?
Re: A world without retirement?
#6I'm currently writing a list of things to consider when creating a UBI scheme (concerns that I often don't see addressed), and this is an easy way to illustrate one of them. One simple way to implement "single payer" healthcare in the US would be to slowly expand the medicare (US program for people 65 and older) coverage by moving the age lower every year. Very similarly, a simple way to incrementally implement UBI w…
"Very similarly, a simple way to incrementally implement UBI would be to lower the "retirement age" every year."
I suspect when many (not all) of the supporters of UBI consider it to be the most basic of subsistence payments, not something we would want seniors to retire with.
Think of the difference in amounts between SS and unemployment insurance currently.
Re: A world without retirement?
#7I'm currently writing a list of things to consider when creating a UBI scheme (concerns that I often don't see addressed), and this is an easy way to illustrate one of them. One simple way to implement "single payer" healthcare in the US would be to slowly expand the medicare (US program for people 65 and older) coverage by moving the age lower every year. Very similarly, a simple way to incrementally implement UBI w…
> By 2028, the age will rise again, to 67.
They could just set the age at 80 and be done with it. Funding problem solved! /s
Re: A world without retirement?
#8I'm currently writing a list of things to consider when creating a UBI scheme (concerns that I often don't see addressed), and this is an easy way to illustrate one of them. One simple way to implement "single payer" healthcare in the US would be to slowly expand the medicare (US program for people 65 and older) coverage by moving the age lower every year. Very similarly, a simple way to incrementally implement UBI w…
UBI is very simple if you allow the state to acquire capital and cultivate it in a sovereign wealth fund. Imagine, for example, public ownership of 50% of the most valuable real estate in the country, which is then rented as usual.
You don't need sky-high taxes when there's income from capital to distribute.
Re: A world without retirement?
#9Where do the jobs for the elderly come from, if even young, healthy people are gradually priced out of their jobs by technology and automation? Right now, good jobs are replaced by bad, underpaid ones. Desperate people are serving burritos to a smaller group of people who are lucky to have the skills necessary in this time of transition. All of them work to aggregate productive capital in the hands of the very few.
If there's only a handful of people left who own everything, supermarkets, datacenters, robots, software, machines, farmland.. to whom will these people sell all the stuff they produce? How do those who have no jobs pay for this stuff?
I think whoever projects 40 years into the future, and sees no need to mention the words "UBI" or "property tax", is in for a surprise. Will it be a nice surprise? That depends on how fast our society realizes what is currently heading our way.
Re: A world without retirement?
#10I've come to terms with the fact that I'll work until I can't, possibly because of an illness or just sheer exhaustion.
the older you get the less realistic it feels, unless you're ok with being homeless or suicide.
you just dont have the same health and energy at 60. or 40. if you make it that far that is.