Quote:
Originally Posted by Gort
The problem here, and not just for the US is that the population is aging. Actually it will be a much bigger problem for the EU. That means there will be fewer tax payers to pay into these large government programs requiring the taxes of those that are still paying to go up to cover those that have retired. Now I am not one to complain about paying my fair share in taxes, I am not one of these selfish conservatives, but at the same time you can't get blood from a turnip.
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Interesting that you should mention that. We've recently had a running policy debate on that here. But some recent projections have shown that it's not going to be a problem (here). There was an attempt in one of our newspapers to start a baby-boomer v gen's x,y,z etc. but it pretty much petered out when the statistics showed that - for us at least - the previous projections were out of date and that, for various reasons, the great fears of a population unable to sustain itself are misplaced. But that's just here, in Australia of course. It will definitely be different for other nations.