4 ms·
I knew that article would mention immigration. Here's the gist: * older people people favor policy that benefits themselves by sacrificing their kids * young
by game_the0ry 5y ago
I knew that article would mention immigration.
Here's the gist:
* older people people favor policy that benefits themselves by sacrificing their kids
* young people have been economically tapped out and have lost confidence in supporting a family, thus wont have children
* population declines across the developed world [1]
* "elites" see writing on the wall and rightly anticipate economic decline
* elites and owners of assets (who are typically older) advocate for more favorable policies for themselves (lower wealth taxes, lower inheritance tax, NIMBY-isms) while also advocating for more immigration to keep labor costs down and population growth up
* young people get squeezed (again) with the double whammy of stagnant wages and high housing costs
And thus the US is set up for an ugly political war between:
* young vs old
* those who do not own assets vs asset owners
* anti-establishment vs establishment
* socialism vs capitalism
* closed borders vs open borders
* etc
Which is playing out as we speak.
[1] https://www.populationpyramid.net/world/2019/ https://www.populationpyramid.net/world/2019/