Most of the electorate consists of retirees—whether due to age, disability, or nonproductive employment. Financing widespread retirement inevitably leads to either steep taxes, significant immigration, or unchecked inflation.
Most of the electorate consists of retirees—whether due to age, disability, or nonproductive employment. Financing widespread retirement inevitably leads to either steep taxes, significant immigration, or unchecked inflation.
A risky wager on technology-driven growth appears to be the sole option.