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Comment by drysine | Hacker News Reader

They can imagine themselves growing old which is pretty smart for young people

They cannot imagine themselves getting less than they put in because of an ever increasing proportion of non-workers.

Ironically, the younger people from whom to extract productivity to pay for the defined benefit pensions are being supplied by immigrants, who are also politically unpopular.

They are protesting again non-workers, also known as billionaires.

France’s annual spend on defined benefit pensions is north of $400B Euros and north of $300B Euros on healthcare. Seizing and liquidating the equity of everyone in France with a book value of $1B (or even $100M) would make no difference.

Maybe it would help the budget for 1 year?

Abolishing billionaires isn't about taking their money and then spending it back to them, it's about ending billionaires as a concept, because they are where all the money is going and the reason everyone else has a money shortage. If we subtract the part of the price of everything that goes to billionaires, things get a lot cheaper, and then we can afford them.

>they are where all the money is going and the reason everyone else has a money shortage.

You can look up all the government spending data, and wealth transfers from workers to non workers dwarfs all the billionaires’ combined net worths. The US federal government alone is 60%+ wealth transfers, not to mention state and local governments. These spending figures are measured in trillions of USD per year.

https://fiscaldata.treasury.gov/americas-finance-guide/feder...

The wealth of the top 0.1% would add up to much more..

Fortunately the government can’t just steal everyone’s net worth.

Today.

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