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>> the alternative is to dig a hole, dump food into the hole, pay people to stand around and guard the hole, and then, 40 years later, the 60 year old will dig
by rufus_foreman 5y ago
>> the alternative is to dig a hole, dump food into the hole, pay people to stand around and guard the hole, and then, 40 years later, the 60 year old will dig up what their 20 year old saved and eat it.
My grandparents' generation didn't do that. And they didn't have SSI either. Are you sure those are the only two alternatives?
- ivalm 5y agoYou’re right. They invested (to get cash flow from younger people during retirement) or relied on their children (to get cash flow equivalents from younger people during retirement). Kind of same how social security works (current retirees get cash flow from current workers).