> we'll reach a crunch point that puts governments under immense pressure to increase taxes (probably on megacorps & the wealthy) more in order to fund welfare.
I don't see how even that helps. What you need to fund basic welfare is a large supply of basic goods (shelter, food, medical care). The basic problem with retirement of a lager generation than subsequent generations is a lack of labor/productivity. Those basic goods don't really respond well to just throwing money from tech companies/rich people at the problem, you need people to work to provide those goods and services.
The only way taxes help is if they discourage "unproductive" economic activity (SWEs and financial planners) so much that those people start working as nurses and construction workers instead.
I don't see how even that helps. What you need to fund basic welfare is a large supply of basic goods (shelter, food, medical care). The basic problem with retirement of a lager generation than subsequent generations is a lack of labor/productivity. Those basic goods don't really respond well to just throwing money from tech companies/rich people at the problem, you need people to work to provide those goods and services.
The only way taxes help is if they discourage "unproductive" economic activity (SWEs and financial planners) so much that those people start working as nurses and construction workers instead.