A Q - should 60+ yr-old people control the major share of wealth in a society? What are the implications? Are they more risk-averse than the younger generation and more focused on nostalgia? What if life-expectancy grows substantially?
There is a natural balance to things, where older people have had longer to learn from their mistakes and accrue wealth. I think this balance has been upset, leading to an increase that is disproportionately tipped towards this particular generation. I also think our legal and economic systems exacerbate this, due to rent being a thing. Rent to own is fine, but indefinite renting is extractive and manipulative, leading to increasing wealth inequality.
Neil E. Hodges
in reply to TinJar • •Don't think we have to worry about that. :/ (Source)
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TinJar
in reply to Neil E. Hodges • • •@tk
Yeah... Covid has been taking care of that...
Neil E. Hodges
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Aaron
in reply to TinJar • • •Neil E. Hodges likes this.
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