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Maybe everyone doesn't have 401k, but pretty much every pension scheme around the world is in some way linked to the performance of the stock and bond markets.
by robjan 7y ago
Maybe everyone doesn't have 401k, but pretty much every pension scheme around the world is in some way linked to the performance of the stock and bond markets. Even the ones that aren't rely on people being employed and paying taxes.
- Jedd 7y agoThis may well be true, but it's only a small part of the equation. The equation evidently (according to OC): take the death count ... versus ... mass unemployment, no basic medical services and cancer screenings Part of the RHS was also most hospitals are bankrupt, and the weird claim that tax revenues are the only way to fund essential services. (I'd suggest cutting costs in other areas - defence, for example - is one way to rediscover funds for essential services.) Anyway, I expect that where you are right now, what you're seeing going on around (aka the level of incompetence exhibited by your leaders / government) along with the usual way your society and economy work, is going to significantly affect which way you lean on that equation. Also if you run the stats and conclude you personally are not likely to be part of the death count, but you would be inconvenienced by a cautious approach, you're probably going to lean towards the '[other] people dying ain't so bad' camp.