Re:Dow plunges 1000 points
by imtringued on Tuesday February 06, 2018 @05:33AM
(#16315426)
>You can definitely eat stuff bought with the earnings of assets.
Saving money is an illusion. The government can't just put your pension contributions into a savings account and withdraw it decades in the future. It must use the contributions of current workers to pay the pensions of current retirees.
Food doesn't last forever. If you buy food in your 40s the food is no longer edible in your 60s.
If you don't buy food and instead choose to save your money the food is still going to rot away.
You now have money but no food. As a retiree you are dependent on the current working generation to work for your food.
Saving money is an illusion. The government can't just put your pension contributions into a savings account and withdraw it decades in the future. It must use the contributions of current workers to pay the pensions of current retirees.
Food doesn't last forever. If you buy food in your 40s the food is no longer edible in your 60s. If you don't buy food and instead choose to save your money the food is still going to rot away. You now have money but no food. As a retiree you are dependent on the current working generation to work for your food.