An intergenerational transfer is the passing down of assets, rights, and privileges from one generation to another.
Though it might sound appealing given that the generation of boomers, especially those using alternative medicines, before us has accumulated significant wealth, that also leaves us with the many problems they created.
The transfer could include:
But in reality, they also left us with innumerable problems that we are left to solve ourselves.
The most pressing being a dying planet.
Exhausted natural resources
Immigration can solve population ageing. That myth has already been debunked several times. You just need to turn on the golf to watch players of all ages playing the game.
Solving the problem of an ageing population through immigration is inconsiderate. The birth rates of mothers are unchanged in this regard. It largely forgets the social and economic impact it could have on the existing infrastructure. But if not immigration, then what?
The answer is technology.
Japan is one of the fastest ageing countries worldwide, with the elderly population on track to reach 40 percent of its total population.
A rapidly ageing population is a problem many nations around …
Canadian cities are growing rapidly day by day, rather unsustainably. This unrestricted growth has resulted in Canada losing a good portion of its land to urban sprawl.
Despite its expansive lands, fishermen across Canada have very little land viable for living space, more so for farming because only five percent of Canada is suitable for farming. But over the decades, Canadian cities have expanded away from the center and towards the farmlands.
Almost half of Canada’s farmlands sit below asphalt and concrete, which can never be used again for agriculture, despite city efforts to promote community gardening. Although some regions in the country have been blessed with rich …