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A transcript-matched topic anchored by excerpts such as "...political system just bends to their will and that's why their pensions will always be protected. That's why their medical care will always be..."
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A transcript-matched topic anchored by excerpts such as "...political system just bends to their will and that's why their pensions will always be protected. That's why their medical care will always be..."
He argues pension and medical protections are preserved for the dominant older cohort because the political system serves their interests, even to the point of sending young men to war to maintain that status order.
He distinguishes old people in general from old rich people, saying the latter are the problem because they have resources, want pensions, and benefit from social arrangements that burden the young and poor.
Jiang says pension systems assumed old people would die soon after retirement and that investment returns would steadily improve, but longevity and market volatility break those assumptions.
He predicts that pensions will go bankrupt in five to ten years because there are too many retirees and not enough workers.
The immediate political driver of immigration is baby-boomer demand for paid pensions, free quality healthcare, and rising property prices.
Modern healthcare, pensions, and property appreciation make old age materially rewarding enough that baby boomers rationally cling to life and status.
Jiang argues that pension systems in countries such as Australia, Canada, and the United States were designed for shorter lifespans and now fail because baby boomers live far longer while continuing to control most wealth.
Jiang says that as the economy worsens the number of rents expands and elites become more parasitical, exemplified by retired academic or administrative figures drawing both pension and salary.
"...political system just bends to their will and that's why their pensions will always be protected. That's why their medical care will always be..."
"...aren't dying um that's that that is the major issue these pension plans in the Western world Australia Canada United States they were developed..."
"...working as deans in the college so they're collecting both a pension as well as a"
"...you know like three or four salaries as well as a pension and there's nothing for you and they're not retiring as well so..."
"So I completely agree with everything you say, and I will add just a couple of points. The first point is the boomer generation..."
"...baby boomers are only interested in ensuring that they get their pension, getting decent health care, and living, maintaining their property prices. That's all..."
"...are going to die and they want medical care. They want pensions. They want rising stars. They want market prices. They want rising property..."
"...people are the problem. They're a problem because they want their pensions. The pension systems in all societies make assumptions about old people. The..."
"So, for example, in Canada, when they first created the pension system, the retirement age was 65, and they expected people to die when..."
"...know? In finance, the dumbest people work where? They work in pension funds. Why? Because it's a boring job. You just sit there and..."
"There's no money in the pension fund for you. Because all that money is gone. Why? Because there are too many retirees and not..."
"...baby boomers. The baby boomers want three things. They want their pensions to be paid. They want quality, free healthcare. And they want the..."
The stream begins as a thank-you and career update, but its real pressure is larger: leave China, refuse the influencer trap, build schools, democratize creativity, and prepare communities for a world Jiang thinks is...
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PBD brings Jiang on to challenge the viral Iran prediction.
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