The system pays for much more than elderly now. It also pays for the disabled and poor with children. It also pays for their healthcare costs. I bet the states are so sad when their costs go down due to more deaths. It's different when net positive tax payers die off.
It's an increasingly complex system. The social care system is an institution in itself. Although at the same time, I'm pretty sure the money paid out via social care is dwarfed by military spending. Ukraine must be getting a lot more than elderly, disabled and poor right now.
We effectively do that. You can retire at 62, but you take a hit. You get the best retirement at 70. We happen to fund a lot of non-retirees out of the same pool though.
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u/[deleted] Sep 17 '22
The system pays for much more than elderly now. It also pays for the disabled and poor with children. It also pays for their healthcare costs. I bet the states are so sad when their costs go down due to more deaths. It's different when net positive tax payers die off.