Having finished the first half of “Work-Standard Critiques of Pensions (Pt. I of II),” I was astonished that this post took longer than expected. At first, I thought it was going to take me about an hour or two, not the almost three hours that I actually spent writing. Much of it has to do with navigating the labyrinthine maze of different arrangements for retirement pensions. If it took me this long to figure the nuances, I also cannot help but wonder how disheartening it will be for elderly people to realize the tasks of navigating the financial labyrinth by the time they retire. Besides, the Kapital is not going to spent on the Schuld that comes with growing old, and I am still convinced that a country is better off having an entirely different system of payments for the elderly than to rely on Pension Plans.
An Income Tax on Pensions, it must be stressed, is fundamentally different from the contributions of Arbeit and generations of Geld within Life-Energization Reciprocity (LER) or their digital counterparts as in Life-Energization Reciprocal Electrification (LERE). And as with any other form of Income Taxation, such a Tax on Pensions is acceptable under Neoliberalism because it counts as personal income. It is precisely because of the characteristics of LER and LERE that it became necessary to eliminate most conventional forms of Taxation, Welfare, and Insurance policies in order to create Taxation and Payment Systems configured to operate only with the Work-Standard in mind. In Part II, further details on American Pensions will be addressed as part of the ongoing critique.
For now, in the meantime, I am going to work on another Blog post or two with the hope of writing a second Update post like this one for tomorrow. If I have time for the rest of today, this new Blog post will be ready before the end of today.