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Having one generation depend on the taxes collected from another is a bad idea. I think the forced savings system Singapore has makes a lot more sense.
by stretchwithme 8y ago
Having one generation depend on the taxes collected from another is a bad idea.
I think the forced savings system Singapore has makes a lot more sense.
- ben_w 8y agoMoney isn’t intrinsically valuable. Forcing people to save for retirement doesn’t bother me one way or the other, but, how can I put this… Imagine a family living alone on an island. They use gold coins for trade amongst themselves. Parents get old, kids look after them. Those kids decide not to reproduce (reasons are different between analogy and reality, effect is similar). When the kids get old themselves, no amount of coin changes the fact nobody’s doing any work, catching fish or whatever. If we can automate all the work, great, we can all retire. If not, we need some balance between working and reproduction that varies depending on the rate of reproduction.