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>What I can expect is to shoulder the tax burden of a large population of people who have not saved nearly enough for retirement Them saving more wouldn't help
by ThrustVectoring 10y ago
>What I can expect is to shoulder the tax burden of a large population of people who have not saved nearly enough for retirement
Them saving more wouldn't help much. Saving has a counter-party, someone who gets real goods and services now in exchange for repaying the debt later. Who's the counter-party for the retirees' savings? Obviously it can't be the retirees, since they're busy, you know, being retired.
What'd increased saving would cash out to is shoveling money into repaying education loans held by pension funds that pay the boomers, rather than paying taxes that fund retirement programs. It doesn't mean you don't support retiring boomers, it just means that you get better compensation today for doing so.