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Author: ziggy29 Big funky green star, 20000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 75873  
Subject: Re: An unpleasant fact Date: 8/17/2006 3:22 PM
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>> I agree with you that they are not sustainable, particularly if we include Medicare costs. <<

And that was my whloe point: As far as Medicare and possibly Social Security are concerned, there is no way we can continue to give future generations the current level of benefits. The taxes required on those who are still working would be prohibitive and, IMO, economy-killing.

I happen to agree that *overall*, it's not skewed as badly because the younger generations have more ability to take advantage of 401Ks, IRAs and perhaps HSAs to at least partially offset the inevitable reduction in benefits (or means testing) which honestly *must* come if these programs are to remain solvent for several generations down the road.

I think the disconnect came here when Hedge seemed to think I was talking about *everything* being skewed against younger generations when I was merely talking about the demographics of Medicare and Social Security leading to an inescapable conclusion that either taxes will have to be raised sharply or the benefits will have to become considerably less generous. If all other things are taken into account, sure, the equation changes some.

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