I agree, I can’t imagine the economic bonus gained by productivity is big enough to pay the medical costs at the end of ones life. Back in 1950 people had just a few years of life left when they stopped working. Now a lot of people have 10, maybe 20, healthy years left and another 10 in ill-health. There clearly is either a lot of money for a few years or a little money for a lot of years. Although i also think the wealthy and the top, now get a bigger piece of the pie now.
I agree, I can’t imagine the economic bonus gained by productivity is big enough to pay the medical costs at the end of ones life. Back in 1950 people had just a few years of life left when they stopped working. Now a lot of people have 10, maybe 20, healthy years left and another 10 in ill-health. There clearly is either a lot of money for a few years or a little money for a lot of years. Although i also think the wealthy and the top, now get a bigger piece of the pie now.