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2023-07-21 -Signs, Portents, and the Weather-

How a Vast Demographic Shift Will Reshape the World

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Posted by Besoeker 2023-07-21 08:40|| || Front Page|| [11 views ] Top

#1 Get rid of Ponzi schemes like Social Security. I know, I collect Social Security benefits. I don't feel bad about it because throughout my working life the government stole money from me and now they're giving it back to me in dribs and drabs. How much better off would I be if all that money they stole from me and millions of others was instead invested in a 401(k) or even just put it into a savings account? And who says at age 65 you magically get to stop working and become a burden on everybody who must continue to work? Why, the government of course! I say you quit working when you can afford to do so and that's only if you want to quit or can no longer do the work.

Posted by Abu Uluque 2023-07-21 12:54|| 2023-07-21 12:54|| Front Page Top

#2 All things the same, maybe.

But the NYT model assumes that AI, automation, and robotics will not make up the slack in these industrialized countries which to allow BRICs their moment to shine (which i think is nyt's point).

Posted by mossomo 2023-07-21 12:58|| 2023-07-21 12:58|| Front Page Top

#3 The projections are reliable

Ask Paul R. Ehrlich about projections. About as reliable as the UN's gerbal warming data projections.

Posted by Procopius2k 2023-07-21 13:43|| 2023-07-21 13:43|| Front Page Top

#4 Re #1.
How much better off would I be if all that money they stole from me and millions of others was instead invested in a 401(k) or even just put it into a savings account?

Has there been any serious writing about the degree to which the establishment of Social Security altered the balance of risk vs. reward in the stock market?

Posted by Cravick Angiling7710 2023-07-21 15:26|| 2023-07-21 15:26|| Front Page Top

#5 I wonder if the progressives have a solution in mind - just spend us into bankrupt socialism. They'll divvy up what left.

Posted by Bobby 2023-07-21 15:27|| 2023-07-21 15:27|| Front Page Top

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