My memory of the statistics is that the median voter does not save. The government's approach to creating reserves of wealth follows on from that naturally.
An aspect in this that I find very interesting is the realities behind the numbers which will be revealed as the situation plays out. The money is a bit of an illusion, retirees need an available reserve of wealth (be it in the form of productive land, goods, labour, rock solid infrastructure and houses with little need of maintenance) to sustain them when they can no longer produce.
Where will this wealth reserve come from? Who will have to go without? What compromises will be made?
Undoubtedly one part of any proposed solution is 'tax the rich', because there are no other wealth reserves in America, but if this is a more fundamental problem of demographics and ratios the real resources might not be available to meet peoples expectations. Somebody is in for a very rough 20 years.
An aspect in this that I find very interesting is the realities behind the numbers which will be revealed as the situation plays out. The money is a bit of an illusion, retirees need an available reserve of wealth (be it in the form of productive land, goods, labour, rock solid infrastructure and houses with little need of maintenance) to sustain them when they can no longer produce.
Where will this wealth reserve come from? Who will have to go without? What compromises will be made?
Undoubtedly one part of any proposed solution is 'tax the rich', because there are no other wealth reserves in America, but if this is a more fundamental problem of demographics and ratios the real resources might not be available to meet peoples expectations. Somebody is in for a very rough 20 years.