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Re:Big Cities No Longer Deliver for Low-Skill Workers by mschuster91 on Tuesday January 22, 2019 @02:01PM (#18971207)
> and needs to be supported by a rising share of taxes from a small number of young workers

And here is where it gets funny. I wonder how pension systems would look like if they were supported by the billions of dollars that especially FAANG but also other huge megacorps such as IKEA, McDonald's, Burger King "creatively avoid" in taxes. Or if minimum wages were set so high that a pension built on a life of minimum wage were enough to live on in old age (this is a problem that currently runs high in Germany, as many old people have not enough pension to get by and so require social welfare)?

Re:Big Cities No Longer Deliver for Low-Skill Workers by graeme on Tuesday January 22, 2019 @04:43PM (#18972842)
This still doesn't work. Monetary savings aren't real goods. Retirement is funded from current production. If the labour force participation rate drops, then a greater percentage of current production is needed for retirement.

And corporate taxes are just taxes on people, in the end (the owners of the shares). If there are fewer people working and more people to support, things just get harder, absent large productivity increases or immigration of young workers.

Re:Big Cities No Longer Deliver for Low-Skill Workers by expertentipp on Tuesday January 22, 2019 @02:35PM (#18971596)
It’s unacceptable that social services are a zero-sum game between those employed and those not employed, while employers cut margins and funnel out basically all profits - the famous „socialize the losses, privatize the profits”. I hope FAANG, McDonalds, IKEA, Deutsche*, automotive companies, fossil fuels companies, investment funds, and whatnot will get the feel of cold talons of the social justice.
Re:Big Cities No Longer Deliver for Low-Skill Workers by rifung on Tuesday January 22, 2019 @03:43PM (#18972244)
> I hope FAANG, McDonalds, IKEA, Deutsche*, automotive companies, fossil fuels companies, investment funds, and whatnot will get the feel of cold talons of the social justice.

It's not like the people running these corporations are all evil and out to ruin people's lives. People behave based on the incentives laid out in front of them and the current combination of capitalism and laws incentivizes the behavior we are seeing.

Re:Big Cities No Longer Deliver for Low-Skill Workers by AlexandrB on Tuesday January 22, 2019 @05:05PM (#18973052)
> People behave based on the incentives laid out in front of them and the current combination of capitalism and laws incentivizes the behavior we are seeing.

True, but the same people also largely support programs and politicians that preserve or extend those incentives. They're not innocent bystanders.

Re:Big Cities No Longer Deliver for Low-Skill Workers by perl4ever on Tuesday January 22, 2019 @08:00PM (#18974654)
"I wonder how pension systems would look like if they were supported by the billions of dollars that especially FAANG but also other huge megacorps such as IKEA, McDonald's, Burger King "creatively avoid" in taxes"

Pension systems own the FAANG companies. For example, in the US, CalPERS manages a third of a trillion dollars. Two thirds of that is in equities such as Apple.