Re:2012 vs. 1984: Young adults really do have it harder today
by planetguy on Friday May 11, 2012 @04:50PM
(#3961332)
How would you keep them motivated? Would you divide the economic hit equally? Start tearing up old rent controlled apartment leases? Lower pensions?
As a parent in such a situation I'd start redistributing my own money to my children before I die.
From a societal point of view the best thing to encourage that would be to get rid of any gift taxes et cetera which might discourage it.
But just to be prepared, if it should turn out to be the other way around, or if this would happen in the future, what would you do if conditions suddenly are comparably a lot worse for non-established younger people?
How would you keep them motivated? Would you divide the economic hit equally? Start tearing up old rent controlled apartment leases? Lower pensions?
I think it's an interesting political and moral issue which seems not to have been considered.
If we are having economic problems and decide to raise the retirement age from 65 to 70 (as discussed in europe), should people who are 66 and just retired go back to work? Or should it only affect the younger people, and if so, why?