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Similarly, families who pay for their aged parents and grandparents to live in assisted or medical facilities, or their own apartments, don't get back anywhere

• jstewartmobile 9y ago
  Not the same thing. Minor nitpick is that senescence care is not the same thing as free healthcare and side income from 65 and up when the life expectancy is nearly 80 years. Major nitpic would be that Westernized peoples are barely replacing themselves, we're around 2.9 workers per retiree and falling, and it takes around a third of the annual federal budget--which roughly corresponds to the amount of debt we take on each year--to cover it. When you set up a system to transfer wealth from young to old, it stops working so well when people stop having kids. Japan is already being crushed by this. They will not be the last.