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What shortgage 421,306 homes built in a single year in france!
Comments
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true the only savings which dont require a future workforce is baked beans in your cellar
everything else, shares bonds property gold etc requires a future economy.
hoever there are ways an economy can save the equivlant of baked beans. for instance a nuclear plant is like baked beans in that it takes a lot of effort to build today and little to run (vs coal and gas plants) in the future and will last a hundred years.
indeed so but as we
aren't doing that then funded pension scheme for all won't solve any problems at all0 -
The demographic issue is about more that just tax vs. pensions, anyway.
It's much worse. In fact, it is about taxes to fund public services, and physical workers to provide for the many more people needing personal and medical care.0 -
Cornucopia wrote: »The demographic issue is about more that just tax vs. pensions, anyway.
It's much worse. In fact, it is about taxes to fund public services, and physical workers to provide for the many more people needing personal and medical care.
Yes, the key issue is the number of actual working people who have to provide goods and service for everyone.
However, people often think that having 'funded' pension schemes will magically 'solve' the resourcing issue.0 -
Yes, the key issue is the number of actual working people who have to provide goods and service for everyone.
However, people often think that having 'funded' pension schemes will magically 'solve' the resourcing issue.
The number that can afford a properly funded scheme, to make a real difference, is limited too."If you act like an illiterate man, your learning will never stop... Being uneducated, you have no fear of the future.".....
"big business is parasitic, like a mosquito, whereas I prefer the lighter touch, like that of a butterfly. "A butterfly can suck honey from the flower without damaging it," "Arunachalam Muruganantham0 -
grizzly1911 wrote: »The number that can afford a properly funded scheme, to make a real difference, is limited too.
you have missed the point0 -
"If you act like an illiterate man, your learning will never stop... Being uneducated, you have no fear of the future.".....
"big business is parasitic, like a mosquito, whereas I prefer the lighter touch, like that of a butterfly. "A butterfly can suck honey from the flower without damaging it," "Arunachalam Muruganantham0 -
grizzly1911 wrote: »No I haven't
Either way it has to be financed.
if we lack the actual resources then lots of money simply increases the price (i.e. causes inflation)
so if we have too few working people in proportion to the total population, lots of money in pension funds will not help to resolve the lack of resources.0 -
if we lack the actual resources then lots of money simply increases the price (i.e. causes inflation)
so if we have too few working people in proportion to the total population, lots of money in pension funds will not help to resolve the lack of resources.
Surely it's a lot more complicated than that.0 -
Surely it's a lot more complicated than that.
indeed so
but unless the basics are understood there's no point in pursuing the details.
and the basic point about the expected demographic change, is a reduction in the workforce relative to the total population: which is not affected by whether we have funded pensions or not.
The winners and losers may well be affected by pension availability of course.0 -
the basic point about the expected demographic change, is a reduction in the workforce relative to the total population: .
Which is far the biggest and most dangerous threat to the future prosperity of the UK.“The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.
Belief in myths allows the comfort of opinion without the discomfort of thought.”
-- President John F. Kennedy”0
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