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by lumost
1052 days ago
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I've recently wondered if we are under-estimating the burdens being placed on the working age population in most developed nations. While public benefits are one mechanism to support the aging population, we have also returned higher than typical returns to capital over the last 3-4 decades. As capital is not evenly distributed across generations, and all else being equal - higher capital returns inherently means that less capital is flowing to the younger generation. How much of the general cost increase we see in housing, education, and other fields is due to the funding needs of pensions/401k funds and other retirement vehicles? |
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Govts needs to print cash to fund the basics - edu, health, housing, pensions.
Banks and Wall St should be banned from profiting from these sectors.
To force the issue everyone in the country needs to stop paying their credit card bills for about 2-3 months.