[quote=“ibelieveinlogic, post:774, topic:7916”]
Any system that requires old people to be supported by younger people requires population growth. The more non-productive people there are the more productive people must contribute, either by greater numbers or a greater percentage of income. Without population growth there must be a decrease in lifestyle.
That conclusion does not necessarily follow the facts. It is entirely possible to have a balanced stable population. Our need for constant population growth is our constant increase of luxury standards and excess consumption of resources.
[quote=“ibelieveinlogic, post:774, topic:7916”]
The only sustainable welfare system is where each person saves and invests for his/her own old age.
Yes and that was social security, before they robbed it to pay for wars. All working people contributed to the social security system and at one time the system had sufficient self-generating resources.
The fact is that all the cash was taken and replaced with IOUs, which of course are worthless. Al Gore explained this in detail and invented the term social security “lockbox”, untouchable except for social security purposes.
Social Security: Good Intentions, Unintended Consequences
Administration and those close to the program did not expect the Social Security number to be our universal identifier.
According to the Social Security Administration, “the Social Security number was created in 1936 for the sole purpose of tracking the earnings histories of U.S. workers, for use in determining Social Security benefit entitlement and computing benefit levels.”
https://www.ourpursuit.com/social-security-good-intentions-unintended-consequences/?
The main problem is that every time there was a surplus revenue such as under Bill Clinton, the surplus was used to give tax breaks that disproportionally benefitted the very rich, instead of paying off the national debt and using the interest saving to strengthen the social security system.
The main problem is not the Capitalist system, it is unrestricted predatory Capitalism that over time has proven over time kill all competition and creating an unsustainable economic imbalance.
If a system becomes predatory one side loses and goes extinct, whereas in a symbiotic system all participants benefits and are able to maintain a stable survival system.
Humans are just a greedy lot.