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by invalidname
705 days ago
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I 100% agree with you but the main problem is retirement which is what they're seeing in Japan and China. The younger generation is too small and can't sustain the older generation. When you pay social security it isn't actually saved, it goes to pay for the current older generation. The assumption is that when you grow old the same will happen too... This is further complicated by modern medical science which is prolonging the life expectancy of people and making the overall cost even heavier. That's why countries are trying to raise the retirement age. The solution should be a major leap in productivity coupled with a more progressive taxation system. Neither one of these seem to be happening right now, I hope this changes. |
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This morning (I'm in GMT+8) my father (born 1935) was out for five hours delivering Meals on Wheels to older people that have difficulty cooking for themselves.