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And they will be having their care bills paid in 10 years time by ... the same teenagers going through school now. What goes around should come around.
by branchless 9y ago
And they will be having their care bills paid in 10 years time by ... the same teenagers going through school now.
What goes around should come around.
- velodrome 9y agoI think you correctly identified the symbiotic relationship. If seniors expect their benefits to be fulfilled, they need to invest (jobs, education, etc.) in very people who are paying their entitlement. Stan Druckenmiller gave a talk about this very subject called "Generational Theft": https://www.youtube.com/watch?v=fbgIiAnpcPc https://www.youtube.com/watch?v=fbgIiAnpcPc The chart from that talk showing the reversal of investing in the young vs the old: http://www.businessinsider.com/stan-druckenmiller-on-generational-theft-2013-9#druckenmiller-says-the-problem-is-the-baby-boomers-moving-into-retirement-that-population-is-about-to-explode-he-says-he-points-out-that-the-old-now-consume-a-lot-more-in-their-70s-than-they-did-in-their-20s-3 http://www.businessinsider.com/stan-druckenmiller-on-generat...
- branchless 9y agoIf only it were symbiotic. It's parasitic.