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Those who do nothing and depend on the government to help them will not do better than those who at least try to take care of themselves. They will almost alwa
by AnimalMuppet 3y ago
Those who do nothing and depend on the government to help them will not do better than those who at least try to take care of themselves. They will almost always do worse.
Not trust the stock market, or at least not that much? Diversify - something like Total Stock plus Total Bond.
- bradfa 3y agoExactly. And if we get UBI *AND* I have saved money then I’m better off than those who didn’t. Even if I only saved a little.
- IcyWindows 3y agoWhat if there is a wealth tax that drains our retirement accounts in order to fund UBI, social security, health care, etc.? There's always the risk that the government will take tax what you have.
- AnimalMuppet 3y agoThen I'll still have UBI and Social Security. And, since a wealth tax will almost certainly be less than 100%, I'll still be better off for having saved, even if not as much better off as I expected.