You’ve just turned from a person that sort of adds to the Gross Domestic Product of the country into something that will now become a liability.

You health will be deteriorating, you’ll require more medical attention, more ‘benefits’, more of everything.

Maybe even be entitled to a (gasp!),
a retirement pension.

You may think you paid for all this on the way to retirement during your working life with taxes – and besides you also managed to ‘save’ some as a ‘nest-egg’ to help you retire more comfortably.

And, as you settle down to relax
in what you think is going to be the
blissful retirement you think you’ve earned
for that bunch of years before you inevitably die
you’ll slowly work out maybe retiring
isn’t all it’s cracked up to be.

All those things in your bucket list you was going to do or places you was going to go suddenly seem terribly expensive and unaffordable.

Heck! even the heating and electricity and water bills and council rates and car registration and insurance now seem to be like paying the National debt.

And don’t make the mistake of eating anything decent – the supermarkets have got that covered too.

And if you ‘qualify’ for a pension
it must mean you’re broke.

Not only that, you’ll have to bare your entire financial affairs to a snot-nosed individual a fraction of your age who, you’ll work out, is paid to find a reason to NOT give you a pension – or at the very least reduce whatever you get to as little as possible.

And your pension will be reduced by any interest you get on any ‘savings’ you have – whether you get any interest or not – using DEEMING.

Make no mistake – if you retire with any kind of ‘nest-egg’ the government WANTS IT.

That is if you was relying on that compulsory ‘saving’ you had taken from whatever income you earned.

You made the mistake of thinking
you was ‘saving’ for your retirement.

What you didn’t realise is you was actually ‘investing’ in it – or, more accurately ‘gambling’ on it.

You’ll come to realise that you’re now considered to be an old-fart in gods waiting room – you’ll have no relevance, no say, no respect from anyone – other than maybe direct family or friends.

But the ‘system’ wants to rid itself of you as quickly as it can move you on.

And, if you happen to leave quickly, without spending all of your savings, so much the better – because then it can hit your estate for more tax.

For those who do make it in what they think is a relatively health financial situation, they’ll fairly soon find out the savings they could have spent 40 years ago might have actually been more useful then.

Because they’re not worth much now.

In fact trying to fund today’s lifestyle with yesterdays money is an exercise in futility.

And it also doesn’t take long to realise the only benefit a retirement savings plan has is to the government that forced you to put into it and to advisers that suck fees out of it.

(Which is WHY you was forced to put into it), and the organisations that ‘invested’ your money – without any input from you – on your behalf with their fees paid by you regardless of whether you made any money or not.

And mostly, you didn’t.

Your nest-egg was their nest-egg.

Notice whenever you see a
chart image about investments –
they always go UP?

It’s brainwashing.

You don’t want to believe this,
do you?

Ask yourself the question
‘if business is so ‘booming’
how come so many business’
are going down the toilet?’

Income and wealth distribution have become more unequal in both the advanced and developing worlds over the past two decades.

With automation poised to exacerbate this gap by replacing large numbers of certain jobs in the coming years, how to distribute social wealth to ensure the fruits of economic growth are more fairly shared will become an even tougher policy challenge.

Universal basic income (UBI) – a type of social-economic programme where all citizens of a jurisdiction regularly receive a monetary transfer, usually from the government, without discrimination – may provide an elegant solution to help address the issue.

Large-scale implementation of UBI on a national level, however, may require further innovations on both technological and economic fronts.

This paper lays out a proposal for leveraging web3 technologies – digital transaction networks such as blockchain or other programmable ledgers – as the infrastructure for scalable and efficient UBI implementation.