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A comment on Millions of Americans nearing retirement age with no savings. Parent comment

Re:Millions of Americans nearing retirement age with no savings by dragonwriter on Thursday March 02, 2023 @11:18AM (#34997664)
Its willed into being by the government, like any other money in a fiat money system.

If you are asking what will be done to offset the monetary effects of the additional government spending, then “increased high-end taxes, starting with taxing long-term capital gains the same as other income”.

If you are appealing to the myth of necessary fiscal balance in government operations, well, that’s a myth, but same answer as the monetary answer, to the extent anything is done.

[ Parent | on HN ]
Re:Millions of Americans nearing retirement age with no savings by InitialLastName on Thursday March 02, 2023 @03:08PM (#35001228)
> “increased high-end taxes, starting with taxing long-term capital gains the same as other income”.

This, plus finding a way to make people update their cost basis (and pay capital gains taxes) on property that they want to use as collateral for debt.

[ Parent | on HN ]