Related to your point about retiring workers, one of the places I disagree with most people a lot is over raising the retirement age.
It's not that I like resources being transferred from young to old, I'd love to cut benefits and lower taxes on young people.
It's that I can't think of a less effective change. There are two people working in their late 60s:
1) Some poor bastard doing something physical his body can't do anymore because he doesn't have a choice.
2) Some disinterested and/or out of touch older manager squating on an office job and keeping a younger more dynamic person from moving up and making the economy more dynamic.
I get that raising the retirement age pencils out as saving money, but I feel like the actual positive impact on the economy is far less.
Finally, people can actually enjoy the early part of their old age. They can travel, have hobbies, play with their grandkids, know who they are and where they are.
It's the end of life that gets way over subsidized. Olds need to go on a few less cruises, downsize their houses, and die more gracefully. In exchange let them enjoy the best part of their retirement.
This was a great read and really insightful. Makes me think about how a negative job market, and how the accumulation of wealth being very difficult for people aged 25 to 29, will negatively impact the US over the next 20-30 years. Thank you!!!
Related to your point about retiring workers, one of the places I disagree with most people a lot is over raising the retirement age.
It's not that I like resources being transferred from young to old, I'd love to cut benefits and lower taxes on young people.
It's that I can't think of a less effective change. There are two people working in their late 60s:
1) Some poor bastard doing something physical his body can't do anymore because he doesn't have a choice.
2) Some disinterested and/or out of touch older manager squating on an office job and keeping a younger more dynamic person from moving up and making the economy more dynamic.
I get that raising the retirement age pencils out as saving money, but I feel like the actual positive impact on the economy is far less.
Finally, people can actually enjoy the early part of their old age. They can travel, have hobbies, play with their grandkids, know who they are and where they are.
It's the end of life that gets way over subsidized. Olds need to go on a few less cruises, downsize their houses, and die more gracefully. In exchange let them enjoy the best part of their retirement.
This was a great read and really insightful. Makes me think about how a negative job market, and how the accumulation of wealth being very difficult for people aged 25 to 29, will negatively impact the US over the next 20-30 years. Thank you!!!
Really insightful
"You cannot have it all"
You want eternal life after drinking from the Cup? You cant step out of the cave....