//More on Retirement

More on Retirement

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In regard to financing retirement in our culture today, what about the possibility of implementing the concept of a guaranteed minimum income for all, birth to death, to eliminate need for any piecemeal safety-net programs, including social security? I believe this concept is active in one or more of the Scandinavian countries. Finland? Denmark? As for myself, I fear it is too late now to implement such a massive program on a universal scale, that the window of opportunity for doing anything of the kind has passed, just as all opportunity to update or replace our badly broken. Constitution has passed, forevermore. Oh well…

2019-02-20T16:16:49+00:00February 20th, 2019|Uncategorized|3 Comments

3 Comments

  1. Barry Cook February 20, 2019 at 11:19 pm - Reply

    What about a guaranteed maximum income (say 100x the average income)? Anything above that (salary, dividends, investment appreciation) is taxed at 100%, which will go to a fund to subsidize a guaranteed minimum income for those less fortunate/greedy/criminal.
    You might think this would remove the incentive to work or invest – but these high income taxpayers would be designated as VIPs (Valued Involuntary Philanthropists).

  2. Matt Fitzgerald February 20, 2019 at 8:27 pm - Reply

    This is being tried currently on a very small scale in Stockton, California.

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