4 ms·
It's not the one percent that are hurt by an aging population, it's the working people. Because each working person has a greater number of non-working (retired
by logicchains 3y ago
It's not the one percent that are hurt by an aging population, it's the working people. Because each working person has a greater number of non-working (retired) people to support from what they produce, so they get to keep less themselves.
- stavros 3y agoRicher people (are supposed to) disproportionately pay more taxes than the working people, so they (are supposed to) support more of the aging population than the working people.
- midasuni 3y agoRicher people don’t pay more taxes. If you have $200b by the time you are 50 years old you have somehow acquired $4b a year post tax. To acquire $400,000 a year - one ten thousandth of that - you would have to pay about 300k a year in tax, or about $15m, before you even spent a penny. Have Musk and Bezos paid $150b in tax over their lifetime?
- stavros 3y agoWell, hence the "(supposed to)" bits.