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A nearly 80 yr old man I know has a nearly 200k per year pension. Every five years he lives adds 1 million to the economy.
by peapicker 3y ago
A nearly 80 yr old man I know has a nearly 200k per year pension. Every five years he lives adds 1 million to the economy.
- CogitoCogito 3y agoIf by “add 1 million to the economy”, you mean the local economy where the 80 year old lives, then sure I guess. But in general that’s just money moving around.
- qwytw 3y agoHow does that work? I mean technically he takes 200k from the economy without producing anything in return. In very basic terms the government printing an extra 200k adds about as much value (assuming he's not actively investing and not doing anything else).
- matthewdgreen 3y agoIf he was “actively investing” would that change the situation?
- qwytw 3y agoTheoretically to some extent it would depending on how he allocated his investments (it could also be the opposite).