One in three Canadians feels worse off financially than a year ago, poll finds
(calgaryherald.com)
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You'd best like your occupation, eh?
My grandparents retired in their early to mid 60's. They're currently 97. Since post-secondary education is becoming the norm, we are moving towards a society where a newly minted citizen is an economic drain on society until 18, produces nothing from 19 to 23 while going into debt, spends 24 to 34 paying off student loans, then then we have 34 to 65 in which he builds equity, raises kids, saves for retirement. 31 productive years during which the government takes 35% of everything you produce. Then he retires at 65 and spends the next 32 years existing. People are retired for longer than they were productively working. I understand that usury and speculation can fund this lifestyle, but that is ultimately a shell game. For a retiree to eat without producing, someone else must produce without eating.
We are going to reach a point where all these factors become obviously unsustainable and I suspect that birth rates will factor heavily in that conversation.
We’re already starting to see the effects of this. Health care is the biggest spending category of every province, and spending continues to increase as the boomers get old and sick. Deficit spending across the country is routine to cover this spending, and taxes is the only way to cover this. Birth rates are low since people are spending their fertile years clawing out of debt and trying to start “real life”, and ever increasing taxes to cover the new spending does not help this. So the government lies to immigrants, promising them prosperity, and then bring them in to work shit tier jobs and never advance to keep the bottom from falling out of the system.