"In every generation, parents have hoped that children would provide them with support when they themselves were too old to work. In this sense, what Social Security and other forms of state-sponsored pension do is pool the risk of childlessness."https://www.hoover.org/research/european-demographics-and-migration …
-
Show this thread
-
... The welfare state is the great engine of demographic destruction, and no one has a plan for dealing with it.
4 replies 10 retweets 120 likesShow this thread -
... "Most Western pension systems were set up as if they would have no effect on the size of the pool of those paying into the system. But in fact they incentivize childlessness."
4 replies 24 retweets 135 likesShow this thread -
... The Right Libertarians were right about everything -- a fact disguised by their complete political uselessness.
5 replies 19 retweets 137 likesShow this thread -
Replying to @Outsideness
If children saved for their own retirement instead of supporting their parents, they would have the same retirement as their parents, on average, plus ~40 years of interest. Apparently the human options are stupidity or brain damage.
1 reply 0 retweets 2 likes
If people save for their own retirement in a world of demographic implosion and dysgenic replacement migration, they are subjected to financial repression, negative interest rates, and whatever other technique of expropriation their corrupt governments can dream up.
Loading seems to be taking a while.
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.