Back in the 1930s, FDR started up this thing called Social Security. Some would call it a pyramid scheme. And the pyramid is estimated to break in
2037 when there won't be enough youth to pay for the old.
Today, the news is filled with big plans for health care reform. With the federal budget already broken, any reform will have to pay for itself. Guess who is going to end up paying for it? Healthy people will be subsidizing the sick.*
Another burden on the youth. Call me a pessimist with a callous attitude toward the old and the sick.
* Two ways of financing the health care reform are a) taxing employer-sponsored benefits and b)
mandating all citizens buy health insurance (
Kennedy plan). The insurance companies appear likely to go along with a mandate for every citizen to buy health insurance. Needless to say, the above claim remains pure speculation on my part.