Do you truly believe that. Considering that that those same oldies are the ones who put the young through school, which even in public schools is expensive.
I know that both my parents put in considerable time, effort and funds to give my siblings and me the opportunities to develop ourselves in whatever way we leaned towards, whether that be apprenticeships or university or something else. There was no mythology of what they put in. Likewise, my wife and I have put out considerable effort to have our children well educated and and have helped facilitate their life directions. My children have reflected on their realisation of just how hard it is, now that they are going through the same things with their own families.
With all the young people we are involved with, our common refrain is to look carefully at what is going on in society, learn all you can and make decisions based on careful thought. Part and parcel of this is about respecting those who have gone before them, even if they don't deserve it, and respecting other people even if there is no agreement with what they might say or do.
As far as wealth transfers are concerned, how often do we see stories of the young who have made considerable inroads into making their own fortunes by dint of wise savings and investments and doing the hard yards to learn how to do this. I have watched many who just fritter away their wealth with the latest fashions, gizmo's, parties and lattes, without thinking about what they could do instead. But hey, that's their choice.
One would need to think very, very carefully before taking the franchise away from some group of people because you may think they are now to old. There will be unintended consequences that will cause more problems than one may have ever thought possible.