Re:The Old Are Eating the Young
by mseebach on Wednesday June 14, 2017 @05:19AM
(#14551522)
> What other "doom" would there be?
That what little you might have saved/your house is worthless because of inflation and/or punitive taxes. That the economy crashes so you can't take a job/stay on the labour market longer to make up, and your kids, if you have any, won't be able to help you because they have no jobs. That the heath service won't be there, so you risk adding sickness to poverty. Crime and civil unrest.
Re:The Old Are Eating the Young
by mseebach on Wednesday June 14, 2017 @05:49AM
(#14551624)
No? I think that pensions getting a haircut (to save the larger economy) is significantly less doom-y than the economy at large crashing due to e.g. a default.
That what little you might have saved/your house is worthless because of inflation and/or punitive taxes. That the economy crashes so you can't take a job/stay on the labour market longer to make up, and your kids, if you have any, won't be able to help you because they have no jobs. That the heath service won't be there, so you risk adding sickness to poverty. Crime and civil unrest.