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by skookumchuck 2989 days ago
The point of the article is there isn't enough surplus in the economy to pay these people for 40 years of retirement doing nothing.
2 comments

It's funny. When people ask "where are the jobs?" the 1% respond "there's no work to do any more. robots are doing it all. automation means we're just too damn productive".

So, presumably there is a surplus.

Except no.

When people ask "where is the money?" the 1% respond "not enough money. Not enough surplus. You need to work until you are 68 now".

This contradiction is, oddly enough, rarely addressed.

Perhaps the problem isn't not enough work or not enough money. Perhaps they are both scapegoats for the real problem: wealth inequality driven by (among other things), tax evasion.

My point was there is masses of surplus, even too much, and it is just a distribution/allocation problem.
Yes, too much of it is going to pensions, for example.