IOUSA
Dec 1st, 2010 by Mehrad Karimzadegan
The economy of the world almost collapsed, which would have driven society into a state of complete depression and turmoil. The roots of this problem originated , as they always usually do, with some extreme fault in the United States. But not just one factor, but a few that contributed to this almost occurring catastrophic meltdown. The documentary entitled “IOUSA” highlights these factors and how they all added to America’s-and the entire world’s- near economic and social collapse.
As the baby boom generation grows older and reach their moments of retirement, they will be expected to receive pension funding from the government. So who pays for their pension plans? The working class taxpayers are the one’s responsible for their pension funding. Therefore, portions of worker’s salary must go towards an aging population of this generation that don’t even work anymore. Without the baby boomers in employment and them receiving pension funds, it becomes a ‘double negative situation’ with no money being fuelled into the economy by the BB and additional income being passed on to the BB-without them no longer contributing anything to the economy.
America and the rest of the world dodged a gigantic bullet that could have seriously impacted the lives of many people. By saving up funds and income, moving away from cost dependency, and building stronger leadership, America-and everywhere else- will be able to maintain economic equilibrium; and, if this trend continued, a prosperous future could be ahead for all of us.
Link to the YouTube video:
https://www.youtube.com/watch?v=O_TjBNjc9Bo
