3 ms·
> This ensures you can never really retire and you have to continue to work no matter what. Norway has a state pension and isn’t especially notable for late re
by eynsham 4y ago
> This ensures you can never really retire and you have to continue to work no matter what.
Norway has a state pension and isn’t especially notable for late retirement (modulo life expectancy). One usually also invests one’s savings which rather mitigates the effect of the tax and inflation.
- ashwagary 4y ago>One usually also invests one’s savings which rather mitigates the effect of the tax and inflation. There are no guarantees that these investments will beat the higher hurdle rate. Assuming it automatically mitigates negative effects is incorrect.
- eynsham 4y agoPresumably this is to be treated as a probabilistic objection, in which case I’d suggest that in expectation actually there are many strategies that will do better than holding cash. Otherwise the wealth tax isn’t exactly a problem given the lack of absolute guarantees that e.g. humanity won’t go utterly extinct in our lifetime.