Okay, but retirement is based off there being more people working than not, so in countries with national pensions we’ll have to significantly raise taxes, and in countries without such a system, retirees who are invested into index funds, need publicly traded corporations to start underpaying their employees even more (it’s really eye-opening when you realize people over 55 own 73% of all the resources of the US, from money to stocks to real estate).
Sounds to me like we’ll have to do a communism, i.e banding together to help each other out more, to allow people to retire in comfort. The horror!
(Just in case it seems like I’m dismissing anything you said, I’m not, and thank you for your analysis. My main takeaway is that it seems an unavoidable problem)
This is not about communism vs capitalism, its about the ratios. If there are 5 old people for every young person then how are we supposed to take care of all the old people? There’s just not enough manpower.
No, it’s about the scale of society and how we support ourselves in retirement, though. See, if retirement funds rely on, as the guy above me says 1. Companies underpaying their employees and 2. Governments taxing a group of more people in the below generations than there are to support in the top - then those are unsustainable sources of retirement comfort.
So what would be sustainable? Well historically, and in some countries today, old people need family to support them into old age. You would need either your own kid, with their own house big enough for you, or a rich little nephew with a house big enough for all you and your siblings to live in while retired.
Or… We just do the decent thing and take care of non-relatives. To ease the load on, say, retirement homes, we’d need to agree across society to bring the old people into communities of younger adults, and those younger adults would need to check on them regularly.
Sice this requires a community binding together, you might call it “communism.” Though it isn’t necessarily Marxism.
Actually it is a communism vs capitalism thing. The problem arises in both, but the solutions available depend on the system. I reccomend you look up how China is handling its massive elderly population. For example the elderly there have huge public parks and get outside moving and socializing a lot. In big cities it’s common for them to have mid day slow dance meetings in the parks. This is only possible because the government’s priority is not producing profit for billionaires but caring for its people. So it maintains these things and the public transport required to get the elderly there, and the assistance to keep them fed and healthy.
When people stay active and a part of their community into their old age instead of sitting in their huge houses alone or in a nursing home they require much less support to keep living.
Username checks out… I am not particularly happy about many of the things china does, and I don’t think “but they are not the US” is an excuse for authoritarianism and imperialism, they got a way better culture of how to deal with old people than the west, both in traditions and in institutions.
Hogwash. You forgot the other half of the equation. We don’t have as many children to support. Notice how people obsessed over birth rate always focus on the retiree:worker ratio rather than the dependent:worker ratio? The problem disappears once you realize we can simply take money that we were spending on childcare and shift it to eldercare.
Okay, but retirement is based off there being more people working than not, so in countries with national pensions we’ll have to significantly raise taxes, and in countries without such a system, retirees who are invested into index funds, need publicly traded corporations to start underpaying their employees even more (it’s really eye-opening when you realize people over 55 own 73% of all the resources of the US, from money to stocks to real estate).
Sounds to me like we’ll have to do a communism, i.e banding together to help each other out more, to allow people to retire in comfort. The horror!
(Just in case it seems like I’m dismissing anything you said, I’m not, and thank you for your analysis. My main takeaway is that it seems an unavoidable problem)
This is not about communism vs capitalism, its about the ratios. If there are 5 old people for every young person then how are we supposed to take care of all the old people? There’s just not enough manpower.
No, it’s about the scale of society and how we support ourselves in retirement, though. See, if retirement funds rely on, as the guy above me says 1. Companies underpaying their employees and 2. Governments taxing a group of more people in the below generations than there are to support in the top - then those are unsustainable sources of retirement comfort.
So what would be sustainable? Well historically, and in some countries today, old people need family to support them into old age. You would need either your own kid, with their own house big enough for you, or a rich little nephew with a house big enough for all you and your siblings to live in while retired.
Or… We just do the decent thing and take care of non-relatives. To ease the load on, say, retirement homes, we’d need to agree across society to bring the old people into communities of younger adults, and those younger adults would need to check on them regularly.
Sice this requires a community binding together, you might call it “communism.” Though it isn’t necessarily Marxism.
How do nursing homes do it?
Poorly is my understanding
Actually it is a communism vs capitalism thing. The problem arises in both, but the solutions available depend on the system. I reccomend you look up how China is handling its massive elderly population. For example the elderly there have huge public parks and get outside moving and socializing a lot. In big cities it’s common for them to have mid day slow dance meetings in the parks. This is only possible because the government’s priority is not producing profit for billionaires but caring for its people. So it maintains these things and the public transport required to get the elderly there, and the assistance to keep them fed and healthy.
This video is 15 years old: https://youtu.be/SvmV7GRRPq0
When people stay active and a part of their community into their old age instead of sitting in their huge houses alone or in a nursing home they require much less support to keep living.
Username checks out… I am not particularly happy about many of the things china does, and I don’t think “but they are not the US” is an excuse for authoritarianism and imperialism, they got a way better culture of how to deal with old people than the west, both in traditions and in institutions.
Hogwash. You forgot the other half of the equation. We don’t have as many children to support. Notice how people obsessed over birth rate always focus on the retiree:worker ratio rather than the dependent:worker ratio? The problem disappears once you realize we can simply take money that we were spending on childcare and shift it to eldercare.