June 7, 2021

Jail the Homeless? And a Geographic Plan B For Your Retirement Years

Jail the Homeless? And a Geographic Plan B For Your Retirement Years

4 words: People respond to incentives.

Apple Podcasts podcast player badge
Spotify podcast player badge
Google Podcasts podcast player badge
Amazon Music podcast player badge
Overcast podcast player badge
Castro podcast player badge
Stitcher podcast player badge
iHeartRadio podcast player badge
TuneIn podcast player badge
Deezer podcast player badge
RadioPublic podcast player badge
PocketCasts podcast player badge
RSS Feed podcast player badge

One of the best, most simple explanations I've ever heard for economics is from the book “The Armchair Economist,” by Steven Landsburg. He wrote that most of economics can be summarized in four words: “People respond to incentives.”

People respond to incentives.

Here in Portland, we've incentivized homelessness and lawlessness with our attitudes and legislation essentially encouraging our homeless friends to do drugs and commit whatever crime necessary to support their habit. All while letting people camp pretty much anywhere within the city limits.

I talk about this because much of the problem could have been prevented, but it makes us feel good to make it as easy as possible for people to engage in self-destructive behavior. And it makes us feel bad to incarcerate the less fortunate for committing crimes.

Also, I briefly talk about the concept of a "Geographic Plan B." This is basically the idea that if you can't afford to retire where you are, there are many options out there where you can live for MUCH less. It's worth having a Plan B in place, just in case your retirement plans change down the line.

And on the next episode I'm talking with a true expert in living abroad and all the things that go with it. He's Tim Leffel and I guarantee you're going to get a lot out of it.

Thanks for joining me today and it would mean the world to me if you'd subscribe to this podcast and maybe give me a positive review.

To join my mailing list, pop over to https://www.rogueretirementlounge.com

And if you have any questions you'd like me to answer on the show, email me at matt@rogueretirementlounge.com