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> And when the "DINK" couples get old, society will be stuck supporting you fully Because countries like Germany force the current generation to pay for the pr
by elcapitan 10y ago
> And when the "DINK" couples get old, society will be stuck supporting you fully
Because countries like Germany force the current generation to pay for the previous generation (and you can't opt out, it's called "intergenerational contract"), which is the reason why they need to motivate people to produce children, so that somebody can pay for that system. It's basically an intergenerational ponzi scheme.
- rayiner 10y agoThe distinction is merely accounting. "Saving for retirement" is just calling dibs on future production. You still need strong young backs to harvest the wheat to make cereal for old people, even if those old people pay for that cereal with money they "saved" for retirement.
- imtringued 10y agoMost of our jobs are outsourced to a different country and automation is increasing our productivity. We don't really need more people.
- TheCoelacanth 10y agoIf a country stops producing useful things, it's currency will become worthless and they will no longer be able to outsource things. Any form of retirement inherently relies on the productive capacity of subsequent generations. There is no way around that.