Re:
by carlosjobim on Friday January 03, 2025 @08:31PM
(#42591427)
Traditionalist when it comes to pensions. They paid their share, so young workers should pay them high pensions for decades after retirement.
Capitalists when it comes to ownership. They've made the investments, so young workers should work hard and accept lower wages to pay them shareholder profits. Company taxes should be low.
Socialists when it comes to healthcare. They are old and fragile, so young workers should pay high taxes on their labour to help the old people needing socialized service.
Feudalists when it comes to estates. They are the rightful owners of the land they inherited, so young workers should go into debt for life to buy it off them so that they can cash out lottery money for selling their real estate. Or even better, cash rent money while keeping the property.
Corporatists... I can go on and on.
It's crazy to me how many old people who self-identify as conservatives / capitalists have no qualms about using their political pull to get government muscle to kill competition in real estate using the building permitting process. Free markets mean free markets. Charlie Munger was right: it's all about incentives.