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I'll be old someday and don't want to be "cleared out" in any sense. I don't want to work and save for decades just to have it seized by entitled youths who feel it is unfair that I have much and they have little.
Then don't be old and don't work and save for decades. Live now and create. Society is gray when the economy is dominated by penny pinching sloggers and idle old people. Imagine creative young people investing and building and doing their best to still contribute something positive in their 60s while living off of some savings.
Naa, I'm tired. Besides, if I did, you and yours would be complaining about old people hogging all the good jobs.
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One quibble with this, in the US at least, the vast majority of retirement savings aren’t just sitting in banks, they’re tied up in the stock market, ie, invested and “building”. This is true for most old and/or wealthy peoples money, which is why the “they’re hoarding wealth” argument is kind of silly in some ways; this generational wealth isn’t sitting in some Scrooge McBoomer vault, it is the fuel that drives the market.
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Fewer young men will take risks when they know the next generation will say "we don't owe you nothing, gramps".
No, they will take more risks because the future is more uncertain regardless of present actions when they're not getting a cushy OAP for having wrinkles.
A world where none of your choices can affect the stability of your life in the future sounds like something that will collapse after a generation in favor of the one that balances handouts to the young with UBI for the old.
No it doesn't. The smarter argument would have been „have you seen Africa?” My retort would be that the present economy is too sure in all the wrong ways so chaos would be an improvement. Then out of the rubble comes a well-ordered slow life history society, like Ancient Rome.
The old (specifically, old fathers) had ALL the power and wealth in Ancient Rome. It's a terrible example for your position.
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