“The Overextended Retirement State”

 

“The Overextended Retirement State,” by Chris Pope, Manhattan Institute

“The U.S.’s increasingly costly entitlements for middle-class retirees result in substantial redistribution away from young workers. If this system is not reformed soon, major tax increases on workers at all income levels will be required, which will only exacerbate redistribution away from age groups who are worst off.”

LTC Comment, Stephen A. Moses, President, Center for Long-Term Care Reform:

The entitlement scale is heavily tipped in favor of the elderly. The young are less and less able to pay the cost. So the federal government borrows and prints money to make ends meet. Then everyone pays through the most pernicious tax—inflation. This will continue until it can’t.