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Social nets are also “sacrifices from their children”. Ultimately a morsel of food must be produced around the same time it is consumed, so however we might do
by ssivark 6y ago
Social nets are also “sacrifices from their children”. Ultimately a morsel of food must be produced around the same time it is consumed, so however we might do the book-keeping and resource apportioning (govt welfare through taxes, charities funded by donations, family obligations, etc), the working population at any time needs to produce the “surplus” necessary to take care of the young and the old. In a society dominated by market forces, giving the elderly enough market power to be able to consume is an independent (lower-order) question — a matter of detail consequent of adopting a market framework.
- kelnos 6y agoThe current individual approach puts the burden on individuals, and often that burden falls disproportionately on those who can least afford it. Spreading the responsibility around reduces pressure on any one person, and also gets the more fortunate/wealthy in on taking care of society. They've depended on society to enrich them throughout their lives; doing their part to help take care of our aging population should be a cost of doing business.