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A world without retirement?

theguardian.com

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Re: A world without retirement?

#101

Post by milesrout »

pasquinelli wrote: post #88
VLM wrote: post #42

Earlier quoted context omitted.

Demographics are destiny and if the population of a country is replaced, then it seems a tautology that the new country will resemble the replacements rather than the replaced in many ways. I wasn't being facetious that there is in fact a retirement program in Zimbabwe, and listening to Rhodesians in the 1950s talking about their Rhodesian retirement plan for the then very distant 2010s is likely to be as pointless o…

"demographics are destiny", what is that? i believe i've heard it a few times recently. sounds like a new-fashioned "white is right", with the benefit of sounding like something intelligent to an imbecile. but if demographics is destiny, then it's good more brown people are moving into europe. twice in the last century, with so many white people on the subcontinent, europe dissolved into mass barbarism and pulled muc…

>twice in the last century, with so many white people on the subcontinent, europe dissolved into mass barbarism

And of course the people in the middle east have been so peaceful in the same time period.

Re: A world without retirement?

#102

Post by milesrout »

marcosdumay wrote: post #19
simonsarris wrote: post #5

I'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 a redistribution expense, that means, the government takes taxes from richer people, and distribute it to everybody. Retirement is an entitlement pyramid, that means, people pay the government for it to take care of older participants, and by doing so they get entitled into receiving something in proportion to what they paid. Besides it being a pyramid, a UBI scheme where total received is proportional to tota…

>Retirement is an entitlement pyramid, that means, people pay the government for it to take care of older participants, and by doing so they get entitled into receiving something in proportion to what they paid.

No it isn't. Retirement benefits have nothing to do with 'paying in' or 'investing' or some sort of 'fund'.

Re: A world without retirement?

#103

Post by milesrout »

erikpukinskis wrote: post #43
VLM wrote: post #37

Earlier quoted context omitted.

A microeconomic reply to a macroeconomic problem. What bank will finance the mortgage on his incoming generating properties via 30 year mortgages when almost everyone is unemployed? Does the existing massively overgrown and under automated FIRE sector downscale to only 1% of the population having all the income and wealth? If it doesn't downscale, perhaps it doesn't operate at all, then how will he finance his real e…

(Forced) unemployment won't go over 20% so your question is based on a false premise. But regardless, rent-seeking can't support the economy. People won't be "employed" as landlords, they'll be employed as property managers. There could easily be a billion property managers added to the global economy. Just imagine everyone starts expecting their homes to be professionally taken care of, every window frame refinished…

Unemployment has gone over 20% before. No reason it can't go over 20% again.

Re: A world without retirement?

#104

Post by michaelchisari »

contingencies wrote: post #99
michaelchisari wrote: post #97

Earlier quoted context omitted.

That seems extraordinarily unfair to the developing countries, especially if it becomes something that people do en masse.

Unfair in which way? Generally these people bring cash and education and support the development of local infrastructure. Many such countries actually offer specific retirement or resettlement visas to attract such migration.

We're talking about an aging population. There are a lot of costs associated with that.

Re: A world without retirement?

#105

Post by donw »

contingencies wrote: post #73

For those who perceive such issues as likely in their future, for whatever reason, I would recommend an alternate strategy of becoming familiar with the social, cultural and legal ramifications of living in or retiring to a developing country. This can be a very effective means to mitigate costs and is widely used by the French (eg. large numbers move to Tunisia for months of the year), and in South and Southeast Asi…

What happens to those people if the dollar plummets in value compared to native currency?

Re: A world without retirement?

#106

Post by dilemma »

simonsarris wrote: post #5

I'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…

How much is the monthly UBI in your plan?

Re: A world without retirement?

#107

Post by civility »

michaelchisari wrote: post #104
contingencies wrote: post #99

Earlier quoted context omitted.

Unfair in which way? Generally these people bring cash and education and support the development of local infrastructure. Many such countries actually offer specific retirement or resettlement visas to attract such migration.

We're talking about an aging population. There are a lot of costs associated with that.

"Generally these people bring cash"

Re: A world without retirement?

#108

Post by lacampbell »

michaelchisari wrote: post #97
contingencies wrote: post #73

For those who perceive such issues as likely in their future, for whatever reason, I would recommend an alternate strategy of becoming familiar with the social, cultural and legal ramifications of living in or retiring to a developing country. This can be a very effective means to mitigate costs and is widely used by the French (eg. large numbers move to Tunisia for months of the year), and in South and Southeast Asi…

That seems extraordinarily unfair to the developing countries, especially if it becomes something that people do en masse.

Developing countries generally have very strict immigration requirements. It's not like Western Europe where you can literally walk in with no papers and get welfare.

Trust me, they're not going to end up paying for anything old retired westerners need.

Re: A world without retirement?

#109

Post by lacampbell »

I'm projected to be able to retire in about 40 years, according to the NZ government, but I'm well aware of the fact that pension will never come. Still I'm forced to support baby boomers retiring in their 60s - people who were able to attend university for free and afford houses even on low-skilled jobs.

We should end the madness now.

Re: A world without retirement?

#110

Post by empath75 »

simonsarris wrote: post #5

I'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 going to depend on a mass uprising of the have nots vs the haves. But there is plenty of resources to go around. The problem is the wealth is concentrated in the hands of very few people.
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