An assistant professor at one of the most prestigious universities in the U.S. has said that the “clear solution” to Japan’s aging society is for “mass suicide and mass ‘seppuku’ (ritual disembowelment) of the elderly”.
Most European countries impremented comprehensive welfare states after the end of WW1 or WW2 despite their economies being in horrendous shape (and there being far less median wealth then than there is now).
That makes it obvious that this is an argument over spending priorities, not over affordability per se.
Median wealth is irrelevant, that’s just money. You have to keep in mind that to produce goods and services that money can buy, you need people who can work. Right now we’ve still got more people working than not. This will not be the case forever.
Most European countries impremented comprehensive welfare states after the end of WW1 or WW2 despite their economies being in horrendous shape (and there being far less median wealth then than there is now).
That makes it obvious that this is an argument over spending priorities, not over affordability per se.
Median wealth is irrelevant, that’s just money. You have to keep in mind that to produce goods and services that money can buy, you need people who can work. Right now we’ve still got more people working than not. This will not be the case forever.