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The point is, the things that make the economy work and grow is the production of things. Regardless of how many investments a retired person has, they by defin
by 0xB31B1B 5y ago
The point is, the things that make the economy work and grow is the production of things. Regardless of how many investments a retired person has, they by definition do not produce things.
- throwawayboise 5y agoYou need to have consumers to make production worth something. Retirees are consumers. It's basically all they do.
- stickfigure 5y agoThis is a variant of the broken windows fallacy: https://en.wikipedia.org/wiki/Parable_of_the_broken_window https://en.wikipedia.org/wiki/Parable_of_the_broken_window
- jcranberry 5y agoYou need investment to produce things and consumers to buy produced things.