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Collapse is maybe a strong word, let's call it an adjustment.

There are less and less workers having a job and paying taxes, while there are more and more benefits to pay for. This is especially applicable to elderly and pensions, in countries with a socialized pension system.

Imagine the situation where both parents are getting retired and were promised 80% of their salaries, while both their children can't get a job. It's all too common nowadays. There is no tax to collect.

This may not be too much of a problem in the US where there is limited pension, healthcare or unemployment. Europe will hurt though.




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