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416 pages, Hardcover
First published October 19, 2010
-We can try to goose growth through automation. I worry about this plan since growth seems to be increasingly concentrating into the pockets of the already wealthy who then hoard their earnings in foreign tax shelters.
-We can seed a message of openness to people who are now in their prime that population growth is, broadly speaking, in the national interest of many developed economies. That way, as they age they’ll be more resistant to xenophobic nationalism. After all, if we want the global population to stabilize or fall, national population growth means immigration. More concretely, I suspect this means more international travel and more post-secondary education amongst the now young so that they won't wind up like Boomers voting in the aggregate for Brexit and DT and against climate policies.
-We should probably be expanding our public retirement and health care programs.
-We should look for ways to curtail the costs of late-life health care. Here in Canada, we have passed initial assisted dying legislation, which I’d support for its easing of suffering in terminal patients alone. Although I find this thought unpleasant, palliative care is very expensive...
-We should reduce the taboo associated with discussions of aging.
-Because they will retain their political and economic power, we will need to find ways to speak to the elderly that doesn’t threaten their sense of personal dignity. Given how put upon many Boomers were by the largely harmless “OK Boomer” moment, I worry about the efficacy of this strategy. Still… It’s very hard to learn new things and I suspect at a certain point in life it only gets harder. I’ve noted during coronavirus that my elders have been especially impatient with evolving discoveries, often concluding that the scientists “don’t know what they’re talking about” rather than “scientists learn new things as they continue to study this problem that started a few months ago.” (This is not so far removed from the things my dad says about climate change based on what he learned about it in the 1970s.)
-I’m not sure what to do with culture, but I worry about it. When I look at big budget films and television, the first is increasingly shaped by market pressures (i.e. catering to Chinese interests) and that the second is already fading because it appeals almost solely to retirees (if you’re a Millennial reading this, I suspect you don’t realize how many cop shows run in prime time or how popular Fox News is). Perhaps the idea that culture should be packaged in expensive productions has been a mistake and that youth culture will regain some of its transgressive energy by catering to smaller budget productions.
-Maybe we should look to our elders and take more careful note of how they irritate us in our youth so that we can guard against that behavior as we age.
-I wonder if family finances will be rethought. In Dirt to Soil Gabe Brown turns his farm into a managed trust so that he can more easily pass it on to his son. I’m not sure what that would look like more broadly, but maybe families will begin to treat homes as multigenerational residences or they’ll convert their finances into some form of family based UBI. I’m not sure how that would work as a family becomes more complicated, and yet there must be places on the planet where people do something like this already.
-Perhaps we will turn our attention to intergenerational wealth transfer. If you're young, I think you'd want to find ways to unlock wealth hoarded by the older generation. Maybe tax cuts for inheritances passed on before one passes to reduce estate taxes will become more of a thing. Or maybe we'll find ways to allow families to pay into their children's tax sheltered savings accounts.