> America’s welfare state has long given short shrift to young families. In 2021, the United States spent just 0.6 percent of its GDP on benefits for children and their parents — far below the OECD average of 2.3 percent.
> That same year, America spent 7.2 percent of GDP on public pensions, placing it only a bit behind the OECD average of 8.5 percent. And this disparity is partly attributable to the fact that America is younger than the typical rich country.
Boomer communism will be a total disaster and will accelerate many of the social and economics problems this country has.
wyldcraft on
Yawn, this has never not been the case. Except maybe Lord of the Flies island.
“Paying the price.” Reminds me of a recent headline where China’s growth was “at the expense of the rest of the world”. Can’t we get beyond zero-summing every single situation.
fantasmadecallao on
Just wait until the average age of the voting population is 60 😹😹Coming soon to a developed economy near you
3 Comments
> America’s welfare state has long given short shrift to young families. In 2021, the United States spent just 0.6 percent of its GDP on benefits for children and their parents — far below the OECD average of 2.3 percent.
> That same year, America spent 7.2 percent of GDP on public pensions, placing it only a bit behind the OECD average of 8.5 percent. And this disparity is partly attributable to the fact that America is younger than the typical rich country.
Boomer communism will be a total disaster and will accelerate many of the social and economics problems this country has.
Yawn, this has never not been the case. Except maybe Lord of the Flies island.
“Paying the price.” Reminds me of a recent headline where China’s growth was “at the expense of the rest of the world”. Can’t we get beyond zero-summing every single situation.
Just wait until the average age of the voting population is 60 😹😹Coming soon to a developed economy near you