> and don't just route money from young people to old
Doesn't matter. Money represents goods and services. And the young people to provide care to the elderly at the currently expected levels don't exist. Things, even services, that don't exist can't be bought at any price.
People often forget that money is but a proxy for other things. On the small scale of an individual or a family anything can be bought. For a country, the illusion is broken and you have to do economics with actual people, actual land, ... because otherwise prices will rapidly "adapt" and make policy impossible.
Which is exactly the mistake 99% of all governments currently make.
Doesn't matter. Money represents goods and services. And the young people to provide care to the elderly at the currently expected levels don't exist. Things, even services, that don't exist can't be bought at any price.
People often forget that money is but a proxy for other things. On the small scale of an individual or a family anything can be bought. For a country, the illusion is broken and you have to do economics with actual people, actual land, ... because otherwise prices will rapidly "adapt" and make policy impossible.
Which is exactly the mistake 99% of all governments currently make.