DimitriRascalov
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User ID: 450
Regarding point 2, I'm obviously not endorsing concentration camps for the old, but you're overlooking an element of vague generational moral culpability in this. The current and soon-to-be recipients of elder welfare grew up in demographically healthy or at least stable societies, and the problems with the systems that are now slowly breaking apart have been known for their entire lives, and this has been discussed ad nauseam out in the open for decades!
Yes, theoretically current young people will be in a similar position themselves later on, especially considering their even worse birth rates, but given that they already grew up in a heavily demographically imbalanced society they have much less economic slack to maneuver and a ton more social inertia to fight against to meaningfully reform these systems, with the numbers being the way they are in a democracy it's a coup-complete problem. Either you wait until you yourself can benefit marginally or you hope the eventual collapse will bring an opportunity for improvement. Meanwhile, current old people had fewer elderly people to take care of (thanks to two world wars) and fewer children to raise, they were in an historically uniquely ideal position to set up the system in a way that is more sustainable. But across the entire West they didn't, they went into a socio-economic disaster with open eyes.
DimitriRascalov
6d ago
There's a substantive difference here in that Nick would have much more agency in deciding his mom's living standard and consequently the hit to his own if he had to take care of her by himself. The state is going to send thugs to collect his money regardless of whether voters, who increasingly consist of the beneficiaries of this, decide to be reasonable or to utterly drain the remaining workers.
Then there's an argument to be made that socializing these sort of costs is part of the reason why there won't be enough workers in the first place. If socialized retirement systems only covered hard and sympathetic edge cases and otherwise you'd have to rely on relations to sustain you in your old age, maybe the idea that you can forego reproduction and just stack green paper in the expectation of having your consumption needs fulfilled in the far future would be less seductive to the masses.
Which promise are you talking about? In most countries the payouts from state run pension schemes have some hard lower boundaries but are otherwise subject to the whims of the legislature and the courts. Few systems keep a personalized account that creates concrete contractual financial claims.
Even disregarding that, the promise you're asking the state to keep is not the same promise that was in effect when the Boomers were young. You can look up how much of an average worker's wage bill went to elderly welfare in e.g. 1950, 1980 or today and notice a steep increase, the idea that what's being asked of today's workers is somehow equivalent to what the current recipients paid in is ludicrous.
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