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Well I would guess some people think that living in society means you are always, as a new generation, building on top of what the previous one did. So it is fa
by jerojero 4y ago
Well I would guess some people think that living in society means you are always, as a new generation, building on top of what the previous one did. So it is fair that when they can't work anymore we use part of the surplus of productivity that comes precisely from that long-term investment in productivity made by older generations to help them out.
To think of that as "stealing" seems pretty individualistic and short-sighted to me. What benefits would the current generation have to give future generations a future if everything that matters is how much you save and do in the now? This line of thinking leads to financial decisions that value the present much more than they do the future and it's in big part a reason why we are in deep waters when it comes to climate change.
Of course, I agree that it is important to reward people personally as well. But I think it's much more important that we are building sustainable societies capable of taking care of people all through out their life cycles and that improvements on productivity impact us all because, after all, we all live together. But I guess that's just my personal vision of what a good society should be; for others, as you say, they would rather live in a dog-eat-dog world because they know they would be top dogs.
- Briggs958 4y ago[dead]
- deleted 4y ago[deleted]
- nly 4y agoI doubt grandparent is actually against the principle of paying for the prior generations retirement... provided the next generation pays for ours. The unfairness comes from the current generation not being afforded the same privilege as the last, now that existing defined benefit schemes are largely closed to new members, and extinct in the private sector. These schemes are typically underfunded and stink of Ponzi. Meanwhile, the current context in the UK is that the Bank of England has just had to bail out defined benefit pension managers who had overleveraged their assets... no doubt at the taxpayers expense. It's not really surprising to see people clammer for "fuck you, got mine" when half a generation literally believe they will never own a home and never be able to retire.