Money isn’t the issue in the end, the issue is that you still need enough people in working age so that you can use the money to get the goods and services that you need as a retiree.
If a large number of people retire without finding any young successor, services just become more and more inaccessible. Like e.g. if there are not enough doctors in your area because many of them retired, you won’t get treatment even with money, because the capacity just isn’t enough anymore to treat everybody. If a car shop closes down because the mechanic retires, you cannot get your car repaired there any longer, even with a lot of money, and so on…
An old society means that the area decays, more and more places close down or cannot get maintained any longer. And money doesn’t help because numbers in a bank account don’t do the real work. There are already a few old regions around the globe where this can be seen
Finally somone who gets it. It’s like economic 101 in school: Money is fundamentally worthless. It can only buy as much as the economy is able to produce
If growth doesn’t compensate for shrinking working population, you’ll be fucked. Somone has to work so you have your retirement.
Why not make billionaires an illegal thing. Poof! You have money for retirement for everyone
Money isn’t the issue in the end, the issue is that you still need enough people in working age so that you can use the money to get the goods and services that you need as a retiree.
If a large number of people retire without finding any young successor, services just become more and more inaccessible. Like e.g. if there are not enough doctors in your area because many of them retired, you won’t get treatment even with money, because the capacity just isn’t enough anymore to treat everybody. If a car shop closes down because the mechanic retires, you cannot get your car repaired there any longer, even with a lot of money, and so on…
An old society means that the area decays, more and more places close down or cannot get maintained any longer. And money doesn’t help because numbers in a bank account don’t do the real work. There are already a few old regions around the globe where this can be seen
Finally somone who gets it. It’s like economic 101 in school: Money is fundamentally worthless. It can only buy as much as the economy is able to produce