Actually you achieve a kind of financial stability in the above example if each older generation relinquishes their accumulated wealth to the younger generation

Actually you achieve a kind of financial stability in the above example if each older generation relinquishes their accumulated wealth to the younger generation as a 2 to 1 rate. i.e. 2 Boomers give up their wealth to 1 Millennial for services rendered. The "haves" just don't like how the supply and demand equation is swinging back in favor of the "have not but can still work". As for the services rendered in return, well, supply side constraints dictate you settle for what's available ... that's all there is.