In the capitalist system there is a movement called Financial Independence Retire Early (FIRE) where people commit to living frugally in an effort to maximize savings and investments. The goal is to achieve a balance that allows you live off a safe withdrawal rate (around 3.5-4%) and then leave the workforce at an earlier than normal age. Some people commit to a life of minimalism and lean-FIRE with under $20k in investment income per year. I believe there is significant overlap with the van-life crowd and other nomadic lifestyles.

Is this lifestyle compatible with, or is there a similar lifestyle within a communist system? To expand, can those with a different set of priorities trade away their later working days in exchange for less material things?

[–] trailing9@lemmy.ml 1 points 1 year ago

I can only answer as capitalist. FIRE relies on accumulated interest. For workers it should be the same if 10 billionaires or 100,000 FIRE investors own their companies.

UBI should be fairer.

Both scenarios are the same. Work 20 years hard and then stop working.

The FIRE owner have an interest in low wages for the workers whereas in UBI, more income for workers could mean more to be shared.

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