Impossible Pensions

[Martin Hash]

Productivity has no shelf life: it can’t stored, but because its proxy, money, has the illusion that it can be saved, people draw the erroneous conclusion that people can retire in their old age. That assumption is easily refuted because it’s not about how much money you have, every retiree could have a billion dollars saved, no it’s about the amount of productivity currently available. Consider that a pensioner needs to be supported by productivity. By definition, they are totally consumptive. They can’t eat their money but because money is also a proxy for State Violence, they can force productive members of society to give to them. How much does a family have to make before they have excess production for pensioners? Their yearly salary is an accurate stand-in for productivity. People who make less than $3,000 a month certainly can’t support someone else. They would have to make at least $70K/yr, Middle Class, for two households to be self-sustaining, but many pensioners, perhaps most, don’t want to live at subsistence level so more families would have to contribute, perhaps 2:1. There are 40 million pensioners but only 60 million Middle Class households: the cause of the coming collapse seems obvious.