by SteinarN » Wed 16 Jul 2008, 14:37:16
$this->bbcode_second_pass_quote('kpeavey', '
')I have no retirement benefits at my job, although many of my coworkers do. I do not believe these benefits will be there when I am ready to retire. My retirement plan is a self sufficient homestead, close family and community, and local resources.
This is the main flaw with the privaticed healt care/pension system. It is impossible for todays workers to save in healt care/pension funds for tomorrows healt care/pension. As kpeavey says, those funds wont be worth much if anything tomorrow in a declining economy.
The only solution is that todays workers is paying for todays pension/healt care and tomorrows workers is paying for tomorrows pensions/healt care. It is de facto what takes place today also when looking at the actual flow of goods and services like healt care. It is todays working doctors who is producing the healt care and todays workers producing the goods retirees is consuming.
The whole idea a whole society/nation can save for tomorrows pension/healt care is plain wrong. No matter how much we save today, tomorrows workers must produce exactly the same amount of healt care services and the same amounts of food and other goods to be consumed tomorrow by tomorrows retirees. None of these things can we produce today and store for tomorrow.
The logical result of this is that we have a "pay as we go" system where todays workers is producing all the goods and services consumed by the whole society, and is taxed at a level where the retirees and healt care consuming portion of the population receives enough money to be able to buy their fair share of the goods/services produced.