• GarbageShoot [he/him]
    ·
    4 months ago

    What happens to pensions/retirement savings

    These are still paid. Socialism is concerned with the means of production, not what amount to bank accounts.

    land ownership

    If it's a personal residence, it's cool. If it's a business's privately-owned land, it's up for grabs if the local community has a better use for it

    inheritance

    See the above distinctions. Money is secondary and personal property is fine, private property is liable to be taken.

    the apartment your are renting out to pay for your own rent

    Either the cost of your rent is dramatically reduced or your housing is turned into some type of cooperative, so there's no need to exploit someone else to make rent.

    I would like to encourage you to read Engels' "Socialism: Utopian and Scientific".