Opinion from a Libertarian ViewPoint

Posts Tagged ‘Retirement’

Lump of Labor Fallacy Shouldn’t Guide Retirement Decisions

Posted by M. C. on February 1, 2023

As long as there are human beings out there, there will be scarcity, and, hence, plenty of job openings for people, young and old.

By Walter E. Block

It is difficult to know when to retire. Do it too early, and you might well be bored for the rest of your life, bereft of your workplace friends, not to say a bit of money. Do it too late and you miss out on the joys of a bit of well-earned relaxation. There are motives galore for going in either direction on this matter.

But there is one that is predicated upon an economic fallacy: retiring, so as to allow a younger person to take your job. All too many people in the sixties and older leave their jobs for this reason. They are, to be sure, well intended. But they are in thrall to what economists call the “lump of labor” fallacy. This is the view that there only so many jobs to be had, and if some people “hog them up” there will be just that many fewer for others to take. The thought is that if elderly workers stay on the job, younger ones will be precluded from employment; that if they leave, more youthful laborers will for the first time be able to land on the employment ladder.

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Donald Trump Should Enter Retirement

Posted by M. C. on January 24, 2023

We should all wish him well, provided he does not continue to undermine all the good he has accomplished.

Luis Rivera

By Walter E. Block

Those of us who favor free enterprise, limited government, property rights, and free trade can no longer support Donald Trump in his quest to win the presidency in 2024.

Full disclosure: In 2015, I set up two groups in support of Trump. One, Libertarians for Trump, garnered some 5,000 signatures. That’s not much, but it is significant for the very small libertarian community. The second, Scholars for Trump, which was limited to people with Ph.Ds. and other such advanced degrees, had about 250 sign-ons. We did this to obviate the charge that only rednecks, clutching their “guns and Bibles” in flyover country, would support this man.

Why our support for the Donald? It had little to do with him personally or public-policy-wise. Our main fear was that virago, Hillary. There are no absolutes in politics. Voting is always a relative matter. Trump would certainly be preferable to Godzilla. Imagine a Joe Biden who is not senile. The horror.

From a personal point of view, I was not all that put off by Trump’s obvious obnoxiousness. I’m from Brooklyn; he was raised in nearby Queens. With the exception of Staten Island, everyone in the Big Apple is personally detestable. No big deal then, and even now.

Why, then, turn against him at present? It is simple. There are now far better alternatives around. Within the Republican Party, there are Greg Abbott, Ted Cruz, Ron DeSantis, Josh Hawley, Larry Hogan, Asa Hutchinson, Rand Paul, Mike Pence, Mike Pompeo, Marco Rubio, Ben Sasse, Rick Scott, Tim Scott, Chris Sununu, and Glenn Youngkin. That’s quite a lineup. Who needs a blustering liar?

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Sweden Forced to Raise Retirement Age To Pay For Mass Immigration Policy – Aussie Conservative Blog

Posted by M. C. on December 20, 2017

It is cultural suicide day here at MCViewPoint.

I am not up on today’s common Swede but how they not see what is happening to their country and culture?

This is out of control. I suspect Sweden is already dead. It just doesn’t know it yet.

According to soulless economic globalists, mass immigration (notselective, skilled, and limited immigration), is desirable because it financially supports ageing Western populations.

But while deliberately replacing a population is wrong no matter what the endgame, importing unskilled, illiterate migrants en masse is anything but good economics. Particularly so, when these migrants hail from the Muslim world. Read the rest of this entry »

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