When Gen Y are in power, we could well rule their legal changes to take all the money illegal, because they involved future persons without democratic say at the time. Now we do, we could call for a referendum or some such. Possible.
Because it’s not possible for the government to meet its entitlement obligations to the Baby Boomers, in part because previous generations pursued a strategy that increased the expenses of raising children to the point to which the government had to pursue mass immigration to fill the gaps in population growth, the baby boomers counting on government checks to handle their medical expenses and pensions are certain to be disappointed.
No one will tell them this, because to do so outside of a crisis situation would be to provoke an enormous political backlash for all the people involved. It will not be possible to pass a ‘responsible’ budget, because a responsible budget stiffs a large portion of the country out of what they’re owed.
The left-wing solution, which would be to seize the assets of corporations and high net worth individuals, would only provoke a capital flight of such stunning swiftness…
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