I'd argue, as a 22 year old economist just entering the workforce, that the fact that people just entering their retirement hold the most wealth is quite a social problem.
For instance, the ability of the older wealth to influence politics.
For instance, the ability of the older wealth to influence politics.
We see this play out clearly in their ability to influence politics. E.g. they can vote themselves unsustainable entitlement benefits at the expense of younger generations.
Therefore, everyone between 18 and 24 years of age gets 10 votes, between 24-30 9, etc, until people over 78 get zero votes (just like minor children under 18).
This would deal with the problem nicely. And yes, I am kidding.
I know this is a popular one, especially on Reddit etc to moan about - old people vote the most, but they don't like our drugs, gay marriage etc
But the fact is old people have more experience, more knowledge, and are just far more sensible. We'll all be there at some point.
Yes.
> the fact is old people have more experience, more knowledge, and are just far more sensible.
No.
A randomly chosen old person has more experience than a randomly chosen young person, by definition. Due to neural plasticity, a young person has more knowledge in every field that changes significantly over the course of a generation. I cannot discern a meaningful definition of "sensible" in this context.