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Joined 1 year ago
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Cake day: June 17th, 2023

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  • As you know, the current system in America is that we pay into the retirement system. In the present time those funds are used to support present day seniors, and then when you have reached the proper age the people currently paying into it are supporting you but can (supposedly) expect to be supported the same way. I started paying into it at age 16, and now at 69 I am collecting. And additionally, I need to have saved up.

    I don’t know how we would transfer out of this system and into a completely self sufficient one. I DO know that this system mitigated the deep deep poverty many elderly used to experience. Because for the working and poor classes, no one realistically makes enough to set aside for retirement.


  • Of course this is a good thing, but there are still serious negative consequences to a reducing population, which must be mitigated. Primarily, old people who are past working age are an expensive population to maintain. When there are as many or more old people as there are young, the burden is too heavy for young people to bear. And I say this as a 70 year old. Young people today CANNOT hit old age without their own substantial retirement resources.