Corbella and others understandably foresee major problems when all these boomers retire and start draining the public health care system en masse.
She recommends that taxes be lowered as a way to encourage young families to have more children. Statscan reports that "the proportion of the under-15 population fell to 17.7%, its lowest level ever."
Andrew Coyne has put his own Orwellian-esque skew on the story with today's op-ed, "From 2037, a cautionary tale". His predicted economic crisis could be averted by various measures, including the following:
The solution: increase the supply of domestic savings, notably by reducing taxes on incomes, and lower the barriers to capital inflows from abroad. Instead, the era was marked by cuts in sales taxes and hysteria over foreign takeovers.
Again, reduce taxes.
The Globe agrees that Canadians need to be encouraged to have children and also that Boomers must be encouraged to stay in the work force as long as possible.
Are there any more solutions?
And what about other implications?
I foresee seniors having a tremendous amount of political clout. Witness the Pension-splitting already in the works. Seniors also tend to be more conscientious about voting than young people. - They see it as a civic duty; a hard-won right of fighting many wars.
So this is a warning to the Twenty-somethings: If you want to even up the odds, you'd better start having more kids.