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[quote=Anonymous][quote=Anonymous]Why do we have a system that promotes 30 years mortgages and employer-based healthcare, when people who unfortunately involuntary lose their job by 50 are pretty much done?

The massive confidence that the future will always be a reflection of the past (ie market has always done well, so don't worry) pretty much means that you have to hope that between the ages of 22 and 49 this assumption of forever market return of 6%+ on average holds true. So you pretty much have 27 to make sure you meet all life goals and save for retirement in an inflationary environment.[/quote]

Because the entire system is designed to keep us subservient to big business. You better do as you're told, peon, or we'll take your healthcare away. Want to participate in a general strike? Better be ready to lose your healthcare. Want to refuse to work in unsafe conditions? Better be ready to lose your healthcare. Want to demand higher pay? Better be ready to lose your healthcare.

30 year mortgages are similar. Back when mortgages weren't common and the few that existed had a 10 year maximum, housing prices couldn't explode because there simply wouldn't be any buyers. Big business realized if they offered long term mortgages, the purchase price wouldn't matter as much, same thing that happened to college tuition after un-dischargeable student loans were created. The higher the house price and the linger the term, the more they make on interest, and as a side benefit being chained to a house for 30 years means you've limited your ability to look for jobs in other areas, again making you more subservient to your employer.  [/quote]

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