> the arithmetic that supports those programs tightens, all else equal
We can tax the rich, we're post scarcity, time to take a look at the rest of the world an come up with a better social safety net.
We can tax the rich, we're post scarcity, time to take a look at the rest of the world an come up with a better social safety net.
Productivity is growing much more slowly than the retiree-to-worker ratio. Workers are producing slightly more every year, but there are a lot more retirees to take care of every year. If this does not change, we will eventually see a collapse of social safety nets. Policy can only accelerate or delay that collapse.