Obviously itâs not just about birth rates/death rates (although it is). Itâs about an entire generation of income generators being considerably lower than income consumers. That will bite Taiwan in the arse within a decade.
They must know this, but donât seem to care.
EDIT: I made those terms up, btw. But I know you understand.
True that!
I didnât say it because most people wouldnât know Richmond.
Years I was playing Trivial Pursuit, and the question was âWhat is the biggest Hindi-speaking city in the world?â I answered (jokingly) âSurreyâ- as everybody else was Albertan, nobody got the reference and nobody laughed. another game, also with Albertans (I was working out of Calgary at the time), same question, but this time I replied âSouth Vancouver"and got a big laugh.
(Serious answer I gave was âBombayâ. but I forgot they speak Marathi there- correct answer is 'New Delhiâ.)
Itâs the problem with even medium term planning. If the policy makers have their kids ensconced in, say, Canada then they arenât making plans for everyone.
As far as I can tell, the current game plan seems to be to bring in as many migrant workers from SE Asia as needed to fulfill manufacturing / construction / domestic labour workâand somehow expect that the taxes these workers pay will keep the whole system going.
Weâll see how this game plan works once the number of actual citizens approaches zero.
Sounds like the start of a Revolution â tax the peasants who have/make little to no money while the wealthy pay nothing in taxes and expect the peasant taxes to pay for their extravagant lifestylesâŚ
Even if people want to settle down how are the majority of the population going to afford a house? Completely over inflated prices for the average joe. People also live coddled with parents for too long, they grow up as manchildren and womenchildren. Whatâs the motivation to leave? Itâs really amazing nothing is being done about it.
Seems to be the trend worldwide,at least in wealthier societies.
I remember the flak I took because I would leave my five and six-year-olds alone for short periods of time occasionally, but kids need that independent, adult-free time.
Indeed but it is worse in taiwan due to the bias towards investing in property inflating the prices and the low wages. At the end of the day people still need a house to live in, if thatâs a hurdle then starting a family will naturally be delayed.