I don’t think it matters much. My generation will have to come up with a retirement plan on its own and whether the government can cover 0, 10 or 20 percent of the basic cost of living makes almost no difference to me. I expect that I will basically have to cover everything on my own or maybe go to jail for free food.
You’re forgetting the positive declining birth rates bring to retirement - a lifetime of higher wages. In a society with few young workers, those that can work make bank.
The more people there are being productive, the better off the billionaires will be. You are going to be fucked regardless.
Sure but aren’t you interested to know that you’re going to be more fucked than previously forecast?
Don’t you want to be less fucked?
I don’t think it matters much. My generation will have to come up with a retirement plan on its own and whether the government can cover 0, 10 or 20 percent of the basic cost of living makes almost no difference to me. I expect that I will basically have to cover everything on my own or maybe go to jail for free food.
*slave labor is free, right?
I don’t live in a third world country like the US :) Slavery is not legal where I live, no exceptions.
You’re forgetting the positive declining birth rates bring to retirement - a lifetime of higher wages. In a society with few young workers, those that can work make bank.