[giftedbygod]

Social insurance in Germany was Bismarck's invention. Everybody paid. One in ten lived long enough to collect any benefits. Now you will have 30% of the society to cover living cost of the other 70%. They can vote for financial pyramids in their beloved democracy as much as they want. Guess what, the ponzie schemes will still not work.

[philwelch]

Unless you're going to send elderly people back to work, if 70% of the population is elderly then the other 30% is still going to have to work to support them--that or let them starve. It doesn't really matter how you do the accounting.