I fully agree, but also, the whole concept of a pension plan only works if the next generation pays it forwards. Meaning this generation is paying for the current retired group, and no one will pay for them.
Thats not necessarily true. Pension just needs the economy to grow and even with less people the economy can be stimulated through technology. If 1 japanese with technology can produce product equivalent of 1950s 3 Japanese than that’s growth.
I fully agree, but also, the whole concept of a pension plan only works if the next generation pays it forwards. Meaning this generation is paying for the current retired group, and no one will pay for them.
I mean, the way things are now we’ll be living 3-4 generations in a household anyway.
Thats not necessarily true. Pension just needs the economy to grow and even with less people the economy can be stimulated through technology. If 1 japanese with technology can produce product equivalent of 1950s 3 Japanese than that’s growth.
You make the mistake of assuming that pension plans have to be paid by the next generation. Why not use a wealth tax instead?