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Whenever Druckenmiller (a friend) is challenged by seniors, who also come to his talks, that he is trying to start an intergenerational war, he has a standard reply: “No, that war already happened, and the kids lost. We’re just trying to recover some scraps for them.”

Are there still any scraps? I thought you ate it all!?

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But unfortunately SS only worked when more people were joining the workforce than were leaving. Also, the life expectancy was not as great. SS is an inter-generational transfer of wealth, decided by our parent's parents but paid for by the children of each generation.

Unlike in the past when the elderly lived and were supported by their kids....

I don't know. I see that currently due to the recession. My siblings and I have been supporting our parents in some form or fashion for years (and they aren't even close to retirement).

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