Comment on Anon is waiting for Japan
tetris11@lemmy.ml 1 week agoYeah, but that’s only a problem if elderly orderlies is an underpaid job that no one wants, and if people can’t afford to live when choosing such a profession.
If the economy adjusts or society adjusts such that caring for the elderly is a highly sought out and secure job that can easily pay a mortgage, what’s the issue?
This is what I mean when I say they will crash and adjust.
RowRowRowYourBot@sh.itjust.works 1 week ago
There aren’t enough tax payers paying into the system to sustain the end of life care, retirement funds/pensions/social security equivalents that an elderly population that large. when you have a 1:1 ratio of people paying in vs paying out your assistance levels will be extremely weak.
No nation can sustain that large of an elder population. It’s not economically viable.
tetris11@lemmy.ml 1 week ago
Under the current system. All retirement vehicles dependent on the investment market will crash horribly. Anyone with retirement funds in such a crash is doomed. Which will force a reset and a switch to a new financial system (see: Turkey’s various resets over the last 50 years, or Greece in the last 10). Money will be lost. The system will reset, re-valuate the demand for such services, and people will be paid in a new currency to plug the supply.
RowRowRowYourBot@sh.itjust.works 1 week ago
This has nothing to do with retirement funds in a stock market.
The issue is entirely one of taxation. You need 2-3 people working for every retired person taking payments from the system. If you have 1:1 you cannot afford to do this which means either a massive die off of the elderly or a growing massive national debt.
tetris11@lemmy.ml 1 week ago
Or you reset the currency, like Turkey has done many times before no?