3 years ago

1) I made a quick calculator, with many variables. (info page)
& good news is retirement can be at 55,
bad news is pre paid is pushed back to 2065
vs retirement at 64 with pre paids at 2039.
& I added a 20 yr taper value, which boosted the outcome,
as the money could sit in savings much earlier.

Please pass the sheet link to your spreadsheet friends, so the idea can grow.
sheet of gold: Retiring 1 Million people: 55 to 64
https://docs.google.com/spreadsheets/d/1-dn7zWllkgBBnjIy-cD64VmQqezXCpQU/edit?usp=sharing&ouid=105677774979635688715&rtpof=true&sd=true

2) The drones of Shanghai
--------------
repeat of basic variables...(they can be edited, pop., avr income, %'s, etc)
Everyone paid for with The Holy Grail of Retirement...
Average Income: $35,000
Retirement Age: 64
Retirement Population per Million: 190,000
Retirement per Year: $20,000 each ($1667 mo.)
Dividend Rate: 8%
No-aged poverty or older homelessness ever again.
Social Payment Budget: $3,800,000,000 per yr. (pd via inc. taxes)
Government* budget for other things: $600,000-$840,000 per year. (pd via inc. taxes)
Tax on Property Sales: 12.5 %
Income Tax: 12.5%
No Property Tax.
No Military is required which reduces the Gov. Budget, & provides for the people.
*City that secedes from the USA, or other part of the world,
or even for a monster government, who wants to restructure their social security system.