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by lm28469 1459 days ago
Depends on the scale you look at it. It's going to be a shit show for a few generations. Especially in all the countries relying on the working force to pay for the elderly through tax &co

Humanity can afford it, you might not
2 comments
ajmurmann 1459 days ago
> Especially in all the countries relying on the working force to pay for the elderly through tax &co

I don't think it makes much of a difference in practice for this scenario if retirement is funded by savings/investments of the elderly or through taxes and other transfers from the working population. As much of the population is retired the value of the investments will go down as now now people are selling than buying new investment. It would become a indirect transfer.

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shadowgovt 1459 days ago
That's true of every potential future scenario, be it population contraction, climate collapse, downturn in the market, even a temporary drought.

Humanity can afford it, you might not. But policy should probably be set to benefit humanity.

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