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Retirement Discussions / Retire Early CampFIRE

URL:  http://boards.fool.com/even-if-we-assume-an-expanding-economy-and-a-30429986.aspx

Subject:  Re: Lock And Load Date:  12/13/2012  11:15 AM
Author:  Colovion Number:  659854 of 753831

“Even if we assume an expanding economy and a declining unemployment rate, the nation will eventually reach a point where there are less than two people working to support each beneficiary,” Piereson said, explaining that 150 million people will be working to support 80 million. “That’s not a good situation.”

If you think about it that's not true... or at least not the whole picture. Those 150 million workers have to support themselves, their kids, all the people on welfare AND the 80 million retired people. In other words the ratio isn't 2:1 it's 1:1 at best (worse, actually, as the entire population is over 300 million and will keep growing)! They have to support EVERYONE, including themselves.

That's the situation in ten years, and it only gets worse from there. What's it called again when you work for everyone else collectively and get to take care of yourself with whatever the government lets you have? I think there's a name for that... Social-something or even Commu-something.
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