The fact is that already, life-extension is our No 1 public-policy challenge. It is in fact the root cause of our current mortgage and debt fiascoes both only symptoms of successful life-extending technologies.
To be clear, governments have utterly failed to adjust to accelerating increases in life span. Plus, new bio-technologies are going to catapult life spans so far beyond their current sate, that is will be impossible to deal with the added costs of the aged without radically restructuring expectations and institutions along the following ways.
One is to raise taxes on wealthier and usually older people. This is a plan that appeals in theory but fails when implemented. This is primarily because the diversion of resources from markets to government reduces capital for business. As a result, high levels of taxation hurt job creation and tax revenues.
Another approach now being tried is health care price controls. This strategy however is based on yet another obsolete and erroneous assumption which is that health care spending should not rise as a percentage of total expenditures over time.
It is impossible to deny that modern medicine is more effective and therefore worth more than the medicine of the past. Those that do deny this, most likely believe that spending on air travel, mobile telephones, or personal computers should be determined by levels set a generation ago when these items did not even exist.
In a world of increasing health care options and longer lives, the only way to prevent rising costs is to limit access to therapies; hence the highly visible discussions in the press about death panels. Most likely, the general public will not abide by a rationing or triage approach to health care options.
The third possible solution to the debt and deficit crisis is to extend retirement age. Current proposals to raise retirement ages do not go far enough given current life expectations and benefits from today’s medical technologies. Imminent and accelerating increases in life spans can only be achieved by radical restructuring and fortunately most older people have already accepted this reality. The bad news with this approach is that as older people work longer, higher unemployment rates are likely to occur in younger people who are supposed to be funding the benefits plans for retired people, Social Security, and Medicare. This points out the continued emphasis on job creation!
Eventually, this third option will become reality because the first two imagined solutions simply don’t work. Many politicians are still denying that this is the case however they will be proven wrong because of the numbers. Math is math!
This means there will be an uncomfortable period of adjustment as the old model dies and people adjust to the new realities.
It is frequently mentioned that the Great Depression era has been historically one of the greatest periods of innovation and investor opportunity. We are now in a period of far greater innovations and far greater investor opportunity. There is smoke in the air and fires are in the distance however the flames are clearing the fields for new growth. It is important to keep this fact firmly in mind as it is indeed the darkest before the dawn.
As a result of this transition, we will have a much longer life span as well as much higher standards of living.
As mentioned in a previous posts on this blog, Dr. Sanjay Gupta, Chief Medical Correspondent at CNN, has reported that “Practical Immortality may now be within our grasp.”
So now the question becomes, “how do we slow the rate of aging and avoid the frailty that would make longevity less desirable?”
With antioxidant supplements, we can slow our rate of aging; with a nutrition and fitness routine, we can avoid frailty and improve our health; and with an industry leading home business opportunity, we can make great money and generate financial wealth.
For a brief discussion about Living Longer and Making Money from Home, please use my details on the Contact Me page of this site. Happy Reading and Here's to Your Success!
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