Comment on Anon is waiting for Japan
RowRowRowYourBot@sh.itjust.works 1 week agoThis 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?
RowRowRowYourBot@sh.itjust.works 1 week ago
No, because the issue is supply based. Changing the currency will never create a larger amount of money coming in than us leaving. Changing your currency also has very bad outcomes for your future ability to obtain loans which are critical for most nations.