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View Diary: New IRS report confirms upcoming retirement crisis (95 comments)

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  •  If you're addressing the idea of paying the (0+ / 0-)

    elderly once they retire rather than having them save:

    Let's say that over 10 years someone is paid 10 dollars, but saves 5.

    Or, over 10 years they make 5 dollars, and once they retire the receive 5 dollars.

    Either way, over a 10 year period 10 dollars have been printed.

    •  That's only true... (0+ / 0-)

      ...if the $10 paid in wages were "printed" rather than, the normal case where it is exchanged for something of $10 value (labor, presumably) and then exchanged again, by the worker, for something of $10 value (perhaps a good such as petrol or labor such as a physician's services).

      I'm afraid that I don't understand when you are proposing "printing" money -- I thought you were only proposing creating (i.e. printing) money to pay retirees.

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