this post was submitted on 01 Oct 2023
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Living to 120 is becoming an imaginable prospect::undefined

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[–] [email protected] 16 points 1 year ago* (last edited 1 year ago) (5 children)

How are we supposed to afford paying pensions that long if people retire before 70?

[–] [email protected] 31 points 1 year ago (2 children)

By properly taxing companies and rich individuals? Besides, those leaving to 120 would most likely be among the richest of us. Do they really need a pension at all?

[–] [email protected] 3 points 1 year ago (1 children)
[–] [email protected] 4 points 1 year ago

It should be though, we need to demand change rather than just saying “oh they’ll never do it” and giving up.

[–] [email protected] 2 points 1 year ago

Sorry, but if one can dream of properly taxing companies and rich individuals, there's plenty of other shit to fix with that money first.

Making living until 120 sustainable is not on the list, or very, very low on it.

[–] [email protected] 19 points 1 year ago (1 children)

That's the neat part, you will now work until you're 85

[–] [email protected] -5 points 1 year ago (1 children)

If political leaders can work into their 80s, you can also.

[–] [email protected] 13 points 1 year ago

Their work amounts to sitting in a hearing non-coherent and voting yes when an aide tells you to. Real people on the other hand spend all day actively doing work for pennies.

[–] [email protected] 7 points 1 year ago (1 children)

Universal basic income. Make work optional.

[–] [email protected] 0 points 1 year ago (1 children)

If work is optional then who is paying that income?

[–] [email protected] 10 points 1 year ago

I would advise to look up some information yourself. You can either read about the pilots and their results or find a video if you prefer that format.

And these final things to consider:

  • optional != won't be done
  • work isn't just one definition: housework is unpaid for example but it is still work
  • UBI doesn't mean all expenses are paid for, it's "basic" - luxury goods like iPhones aren't "basic"
  • it's a complex issue, inform yourself with pro and contra sources
[–] [email protected] 4 points 1 year ago

Should have pulled themselves up by the bootstraps.

[–] [email protected] 1 points 1 year ago

By fully funding them. The return from a lifetime annuity bought at 65 is just marginally higher than a reasonable expected safe return from the same investment. (A lifetime annuity pays out on the basis that the provider needs to guarantee an income until you die, so if it returns so much that it eats too much into the capital, it'll be unprofitable for the provider). At the margins, the expected remaining life years of someone at 65 in a developed country is long enough that you can't safely offer that much more without eating away too much at the capital too quickly.