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Well it’s a trade-off that must be considered. The whole eurozone will have to tackle this issue as the number of retirees grows whilst the number of workers sh
by pharmakom 4y ago
Well it’s a trade-off that must be considered. The whole eurozone will have to tackle this issue as the number of retirees grows whilst the number of workers shrinks. The USA doesn’t have this problem so much. I don’t see how it can end without substantially higher taxes for anyone of working age.
- incrudible 4y agoExactly this. Europe is a gerontocracy. The worst part, full retirement of the baby boomer generation, has yet to unfold. Elderly care is already in crisis mode. Moreover, the generation now entering the workforce is even smaller than the one preceding it. Add to this the expensive political delusions about how to best fight climate change. Perhaps Germany is economically strong enough to stomach it, but in general moving to Western Europe is like boarding the Titanic. It is a beautiful ship, but the journey does not have a happy end.