I came across this idea from Sir John Templeton, pioneer investor and philanthropist, and it has application to those of us who have already commenced ACT III.
"How about no income tax at all on people over 65? People would continue working, remain healthier, not be an economic and social drain on society. Then the elderly would also have more disposable income to help charitable activities."
Sir John's own third act ran for 25 years, by the way. You’ll find more of his trenchant quotes at the link: Sir John Templeton, Pioneer Investor and Philanthropist

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