…at least half of a population of ten million depend on the state in some way—35% are retirees, 10% government workers, and another 5% receive either unemployment benefits or integration benefits. They would see a country with less youth than they once saw; they would see what is in fact, after Italy, the second-oldest country in Europe, with 23% of the population being older than 65. And they would further see that like so many other democratic and less democratic countries, Portugal is having elections and that this election will, once again, pit the country’s aging population against its young people.
So-called “seniors” are reliable voters, while young people aren’t, and so this perverse incentive ensures that seniors vote, effectively, to extract rent for themselves from young people through the state. This is reflected in voting intentions: people over 54 are disproportionately likely to vote for the Socialist Party, while those who are under 25 are disproportionately unlikely to vote for it.
One in three people ages 15-39 has left for overseas. Here is more from Vasco Queirós, via The Browser.
