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The powerful political force behind minimum income is the rentier class who will ultimately capture it as rent. Replacing existing programs with "free choice"
by thisislame 11y ago
The powerful political force behind minimum income is the rentier class who will ultimately capture it as rent.
Replacing existing programs with "free choice" is a well-worn playbook. See also: pensions vs. 401k plans.
- civilian 11y agoEer, I don't get it, why wouldn't I want a 401k over a pension? You can't trust pensions. Companies can go bankrupt, and even governments have been going bankrupt and have renegotiated pension plans. I'd much rather slowly tuck away a portion of my own income and have it be labeled as mine, rather than have it be a future debt on some organization's account book.