True but in terms of govt policy, as Zeihan points out, this is a 20 year “lag” at best. If enacted tomorrow, it wouldn’t change Japan til 2040.
Too late.
True. Then again, that was the argument used by those who said we couldn't drill our way out of foreign oil dependence in time. And then we started drilling, and muddled our way through until the new oil came online.
I'm thinking a tax credit, both for being married (to encourage them to marry early) and for having kids.
I would propose something like giving the parents a (big) percentage of the tax revenues of the children as a supplement during their retirement.
Yes, this would favor "the rich", but that is PRECISELY the segment of the population which should be encouraged to have lots of children. Ok, so put a ceiling on the per-child tax credit, but not on the number of children you can have to claim it.
Personally, I would like to see the upper-middle-class have ten kids each. And the welfare class have none.