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I fully agree, but also, the whole concept of a pension plan only works if the next generation pays it forwards. Meaning this generation is paying for the current retired group, and no one will pay for them.
I mean, the way things are now we’ll be living 3-4 generations in a household anyway.
Thats not necessarily true. Pension just needs the economy to grow and even with less people the economy can be stimulated through technology. If 1 japanese with technology can produce product equivalent of 1950s 3 Japanese than that’s growth.
You make the mistake of assuming that pension plans have to be paid by the next generation. Why not use a wealth tax instead?