It’s a shame that the liberals aborted 60 million taxpayers the last 30 years, isn’t it?
Now, who’s going to pay the Social Security and Medicare and health care for these not-working anymore individuals? They are living, they are humans with souls (well, some still have souls), but ...Who is going to be working to support them on farms, factories, and stores? The Chinese and Mexicans?
This is impossible because all I hear about is the Youth Vote.
Our public pension systems will not sustain this. We have very big challenges ahead: http://www.econtalk.org/archives/2014/01/laurence_kotlik.html
If you’re young and just starting out, go to where the population is going to be at least stable if not growing. Economic conditions and related dislocation is not pretty in areas of declining population. Owning property in areas of multi-decade decline is a boat anchor. Don’t do it. If you buy, buy where there’s a market for resale.
Hate to say it, but...I got mine!
Now, if only the supports hold up....
Maybe the Beatles' song needs to be updated: "Will you still need me, will you still feed me, when I'm 94?"
Predicting what the populaction will be like in 35 years, is like predicting what days will be rainy in 2050.
There are a whole lot of factors, some of which we don’t have the slightest inkling what they will be.
As it turns out longevity risk is manageable.......ask the va......