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Old 11-29-2011, 06:38 AM   #41
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Well, if everyone is doing ER, personal income and consumption will be down, government tax revenue will be down, economy growth will slow down or even shrink, so is personal investment/pension. More people will have a mediocre or lower (relatively speaking) living standard. However, people probably will be less stressful and happier (also relatively speaking) due to less personal material needs. ER is a lofty but difficult goal; not everyone is mentally, physically and financially ready or willing to for for it due to various reasons.
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Old 11-29-2011, 11:53 AM   #42
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Wow, really surprised at some of the opinions I see here. People staying in jobs is selfish because of unemployed people who could have it? Really?
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Old 11-29-2011, 12:26 PM   #43
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Well, if everyone is doing ER, personal income and consumption will be down, government tax revenue will be down, economy growth will slow down or even shrink, so is personal investment/pension.
Is that a given? Keep in mind that retirements can often create job openings that get people off the rolls of unemployment -- so they will have a job, pay taxes, start spending more, not need unemployment benefits, food stamps or Medicaid, et cetera...

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Wow, really surprised at some of the opinions I see here. People staying in jobs is selfish because of unemployed people who could have it? Really?
No, I don't believe it is. But when you hear people say "early retirement is selfish," it's something to throw back in their faces.
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Old 11-29-2011, 12:30 PM   #44
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No, I don't believe it is. But when you hear people say "early retirement is selfish," it's something to throw back in their faces.
Thanks.

I don't think either is selfish. Those people have put themselves in the position where they have choices...and should do whatever they like without being called selfish in any/either case.
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Old 11-29-2011, 02:04 PM   #45
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Thanks.

I don't think either is selfish. Those people have put themselves in the position where they have choices...and should do whatever they like without being called selfish in any/either case.
+1.

You do hear/read people who seem to think one is "right" and one is "wrong." If you find yourself in a position to ER and choose to do so, nothing wrong with that. And if you enjoy/want to work even after you reach FI, nothing wrong with that either.
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Old 11-29-2011, 02:16 PM   #46
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You do hear/read people who seem to think one is "right" and one is "wrong." If you find yourself in a position to ER and choose to do so, nothing wrong with that. And if you enjoy/want to work even after you reach FI, nothing wrong with that either.
+1

But I wouldn't spend a lot of time on this forum agonizing over whether or not you should work "just one more year" unless you're willing to take some lumps....
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Old 11-29-2011, 02:53 PM   #47
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+1

But I wouldn't spend a lot of time on this forum agonizing over whether or not you should work "just one more year" unless you're willing to take some lumps....
I'm sad to say I made that comment about 6 months ago, and took my lumps.
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Old 11-29-2011, 08:53 PM   #48
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I'm sad to say I made that comment about 6 months ago, and took my lumps.
And we have long memories....

Short-term memory, however...

Look, a shiny thing...
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Old 11-30-2011, 08:10 PM   #49
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Listing events and conditions of an industrialized nation as if their reason for existence was reducing surplus labor is probably a satire. Given the author's occupation and employer it's possible he believes the events and conditions exist mainly to reduce surplus labor.
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