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NegativeLatency 3 hours ago

> 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.

arbll 3 hours ago | parent | next [-]

I agree that the ultra-rich living on permanent fake debt backed by their stocks / real estate need to contribute more, but I'm tired of seeing people throw "we can tax the rich" as a panacea.

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.

throw-the-towel 3 hours ago | parent | prev | next [-]

Pray tell, what do you mean by "the rest of the world"? Surely it's not Western Europe, which is already being strangled by the cost of the welfare state?

aliasxneo 3 hours ago | parent | prev | next [-]

We should probably spend some time making sure that _existing_ taxes are being used efficiently before we start funneling in even more.

missedthecue 2 hours ago | parent | prev | next [-]

The real problem aging societies face is not a shortage of money but a shortage of people.

newfriend 3 hours ago | parent | prev [-]

Why would I want to turn the country at the forefront of technology and innovation into a stagnating socialist welfare state like the countries you are holding up as role models?

throwway120385 3 hours ago | parent [-]

Some day you might need the welfare. Not everyone is infinitely healthy for their entire lives.