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How do you take care of non productive old people with very few productive young people? You call it a pyramid scheme, I don't see how you socialize caring for
by friend_and_foe 3y ago
How do you take care of non productive old people with very few productive young people? You call it a pyramid scheme, I don't see how you socialize caring for old people in away that cannot be classified that way. Perhaps the solution is to take care of your parents and if someone didn't have the foresight to have kids they're on their own? Pyramid scheme averted.
- oliwarner 3y agoThat's not the pyramid I mean. It's too expensive to have kids because housing (and to a significant but much lesser extent fuel) prices are out of control. The infinite growth pyramid that's the problem is that banks, governments and pensions all rely on real estate doubling in value every 10 years. They have for decades but we're at a point now where people can't even afford rents in some places. The Welltodos in their 50s and 60s have hoovered up a large bank of properties in the past few recessions with a view they can sit back and make their 8%. It can't carry on. This euphemism, "global fertility" is the side effect that our economics is utterly unsustainable. And no, I don't have a solution.