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I was using food as an example because you could, in principle, stockpile cans of it. I suppose you could argue that some people do stockpile housing for retir
by gizmo686 6y ago
I was using food as an example because you could, in principle, stockpile cans of it.
I suppose you could argue that some people do stockpile housing for retirement. However, other than that, all they are doing is stockpiling a claim on future productivity. As a matter of policy, we could give every old person such a claim regardless of their savings.
- rtkwe 6y agoWe could and unless something drastically changes in the way the economy is structured that's going to come in the form of giving them money (or goods bought with money) from taxes paid by the working population... As the ratio increases that requires more support from each working person.