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Mandatory pension schemes remove the option to defect and spend money that "should" go toward retirement to instead compete in zero-sum games for benefit today
by yamtaddle 4y ago
Mandatory pension schemes remove the option to defect and spend money that "should" go toward retirement to instead compete in zero-sum games for benefit today for yourself and your kids (say, housing in good school districts, tuition, et c.). That part's pretty nice.
- tristor 4y ago> That part's pretty nice. The part where it takes people's money and prevents them from bettering the life of themselves and their families in favor of feeding that money into older people, most of whom are wealthier than the working person you're taking money from in real terms (e.g. most are homeowners)? I wouldn't classify that part as "pretty nice", but you do you.
- yamtaddle 4y agoMoney burned on these games (by making e.g. home prices in good school districts higher because people are competing with money that ought to be going to retirement) isn't helping anyone. It just hurts responsible savers because their and their kids' opportunities & QOL suffer relative to those who pick "defect"—unless they also sacrifice their retirement.