Jun162009
Generational Equity: common sense or common scam?
Filed under thinking by 086 at 8:52 am on Jun 16 2009
This is probably one of the things I find most annoying in our modern world: there are just too many scam artists posing as good people. This is a terrible thing because those snake oil parasites who pray on the good will of people are directly responsible for the waves of apathy that permeate us all. I mean, we would all love to trust each other unboundfully, right? But all the while, it would be unrealistic to assume that all people are trustworthy.
Well, I’m bringing this up because I’ve been reading about the so-called generational equity… which in theory sounds like a good principle, deep-rooted in common sense. But after reading some web pages about this concept, I started finding several others which claimed it’s actually a scam, and to put a long story short I’m now quite confuse and disgruntled. So, if anyone out there can provide some enlightenment on this issue, please speak your minds out freely using the comments box. That would be much appreciated!
1 Beth Annon 17 Jun 2009 at 10:50 am
Generational equity is the theory that equity is passed from one generation to another. The common modern day debate is around social security. One generation is paying for the benefit of another; yet, the social security program is slated to collapse before that generation will see another generation support them. It is this conversation that has created the label generational equity scam.
All in all, i rebuke the notion of generational equity being a scam due to the fact that a younger generation sees benefit from the market place the older generation contributes to via their spend. Thus, tax my pay check to pay it forward and I get to live in an economy where the older generation is actively spending.
Where I do have uneasy feelings is that the Social Security program will fall apart, not due to the concept of generational equity, but due to government mis structure or mismanagement or both.
Make sense?