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Retiring off of investment into the economy in return for a piece of the growth is a very happy situation for everyone involved. Companies get access to capita
by nostromo 4y ago
Retiring off of investment into the economy in return for a piece of the growth is a very happy situation for everyone involved. Companies get access to capital. Retirees get money to live off of. Capital is allocated to those who can make the most value in return.
Retiring off of pensions is a zero sum game. Companies charge more to pay pensioners. Customers don't get any additional value, they just pay higher costs for the same goods and services. Owners get lower returns from the company. Retirees are stuck on fixed income, which is devastating during an inflationary period.
- zwkrt 4y agoRight but the world is a bigger place than that of capital, customers, investors, and companies. That's the problem. As an example, there are trees, which is a class of thing that doesn't fit into any of those above categories. And even worse it doesn't really work, it just works maybe amortized over time for people who start far enough ahead.