|>>|| No. 11744
>That sounds an awful lot like a Ponzi scheme.
It's a temporary blip.
The birthrate was really high between 1945 and 1965, then went into rapid decline. Life expectancy has increased drastically over the last few decades, while the birthrate is below the replacement rate. We've currently got a very numerous generation entering retirement with a very long life expectancy, but the number of young people has been falling for decades. That generation entering retirement haven't saved anywhere near enough to fund their retirement. Most of that cohort will be dead by 2050, but we need something to tide us over until then, otherwise an ever-smaller number of young people will have to shoulder an ever-larger burden of taxation until the population stabilises. Bright and ambitious young people will start to emigrate in droves, making the problem even worse.
The baby boomers could have planned for all this, but the selfish bastards didn't, so now we're stuck with it. The only decent answer anyone can find is immigration, but the generation who caused this mess are stubbornly opposed to it. It might make economic sense to start sending them all home in 2050, but we just can't afford to cut immigration at the moment.