FYI: (This is a follow-up article.)
Those who don’t work depend on the work of others. Children live off their parents. The indigent get government benefits paid out of taxes. The idle rich can’t collect dividends and interest unless workers do their jobs and pay their taxes.
From this perspective, it doesn’t matter if retirees plan to live off their investments or their government entitlements: Either way, their fate depends on productive workers sacrificing consumption for the sake of their elders. The rest is just details about the financial terms of the transfer
Regards,
Ted
http://www.cetusnews.com/business/What-to-Make-of-the-Social-Security-Trustees’-Report.B1-lLd5Bem.html
