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If the elderly take on the entire productive economy, they will lose. The reserves aren't there to do that. There isn't an English speaking economy that can aff
by roenxi 3y ago
If the elderly take on the entire productive economy, they will lose. The reserves aren't there to do that. There isn't an English speaking economy that can afford that level of debt, and the old can try to compel the young but they don't have the number of healthy bodies that would be needed to win.
We're dealing with law vs. reality on this one. Reality has a big edge. A broke millennial living in their rental apartment with a lousy job cannot cure their parents of cancer and doesn't have the time to look after them. It does not, physically, work. The boomers should have spent their efforts setting up a good medical system instead of trusting it all to their feelings and not investing anything.
Maybe it will all work out. That'd be nice. I assume a lot of people will have pretty miserable retirements and in hindsight they should have been a bit more fiscally responsible in their politics.