Comments on: We are the Children… https://blog.speculist.com/life_extension/we-are-the-chil.html Live to see it. Thu, 16 Dec 2021 08:21:00 +0000 hourly 1 http://wordpress.org/?v=3.6.1 By: Stephen Gordon https://blog.speculist.com/life_extension/we-are-the-chil.html#comment-8818 Stephen Gordon Wed, 11 Jan 2006 07:50:23 +0000 http://localhost/specblog/?p=554#comment-8818 Phil:
:-)

Yeah, I guess even the lucky guy with $2 mil working for him might have to get off his butt and do something every decade or so.

…to stay out of the 2150 era slums.

]]> By: Phil Bowermaster https://blog.speculist.com/life_extension/we-are-the-chil.html#comment-8817 Phil Bowermaster Tue, 10 Jan 2006 15:51:55 +0000 http://localhost/specblog/?p=554#comment-8817 $200K a year? That’s poverty wages. You can’t expect somebody to get by on that kind of money. That will barely cover rent on a slum in the worst part of town.

In 2150, that is.

]]> By: Stephen Gordon https://blog.speculist.com/life_extension/we-are-the-chil.html#comment-8816 Stephen Gordon Tue, 10 Jan 2006 15:43:07 +0000 http://localhost/specblog/?p=554#comment-8816 Karl:

Exactly.

Let’s say you have $2 million socked away in investments that reliably return 10% annually – that’s $200,000.

Let’s say your effective tax rate (state plus fed) is 50% on that interest income. Your after-tax income would be $100,000 per year.

Never touching the principal.

]]> By: Karl Hallowell https://blog.speculist.com/life_extension/we-are-the-chil.html#comment-8815 Karl Hallowell Tue, 10 Jan 2006 15:12:08 +0000 http://localhost/specblog/?p=554#comment-8815 OTOH, I think we’ll have a lot of people take themselves out of the job market for years at a time. And in theory, if you collect enough wealth together in sound investments, you can retire forever.

]]> By: Stephen Gordon https://blog.speculist.com/life_extension/we-are-the-chil.html#comment-8814 Stephen Gordon Mon, 09 Jan 2006 10:49:25 +0000 http://localhost/specblog/?p=554#comment-8814 Phil, legion, and Jake:

You guys are all hitting the same issue and you are all correct.

If we have life extension we can’t have state pensions at 55. If we ever get full-fledged negligible senescence, no country will be able to have pensions at any age.

To paraphrase one of my favorite movies, “H.I., you’re young and you got your health, what you want with a pension?”

]]> By: Jake https://blog.speculist.com/life_extension/we-are-the-chil.html#comment-8813 Jake Mon, 09 Jan 2006 09:34:14 +0000 http://localhost/specblog/?p=554#comment-8813 We have made great strides in improving the quality of life for older people. These are:

1. blood pressure medicine.
2. Statins for cholesterol
4. Reducing the number who smoke
5. SSRI anti-depressants
6. Artificial joints

Many who retire today will spend over 30 years in retirement because our average retirement age is 62. I am not sure that is healthy-either psychologically or economically. Today a vast majority of today’s retirees are capable of working until they are 72-75. Some are doing so with part-time jobs.

]]> By: legion https://blog.speculist.com/life_extension/we-are-the-chil.html#comment-8812 legion Mon, 09 Jan 2006 09:17:12 +0000 http://localhost/specblog/?p=554#comment-8812 You are quite right about the solution. Experienced people have acquired more wisdom and perspective on problem solving. Society cannot afford to lose so many highly skilled and talented people.

Here is the problem, for Europe. If Europeans lived to be 200 or longer, they would still expect to retire at age 55 on a state pension. It is their right, you see. Europe has become a great retirement home. Even north africans are immigrating to europe in order to retire early.

Solving the longevity problem may be easier than solving the retirement compulsion problem.

]]> By: Phil Bowermaster https://blog.speculist.com/life_extension/we-are-the-chil.html#comment-8811 Phil Bowermaster Mon, 09 Jan 2006 08:56:23 +0000 http://localhost/specblog/?p=554#comment-8811 Great idea. That’s what Old Europe needs…a bunch of really Old Europeans!

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