Nope. We have social security, which is a separate tax on wage earners. It was started by FDR to dedicate some portion of each person's income to their retirement. You pay in, and you get paid out after age 65. Die at 65 1/2, though, and you're fucked - nothing goes to heirs. Live to 100, and you're covered.MrJonno wrote:I assume you have state pensions in the US , thats shared taxpayers money gong to people many of whom own a fortune in property, the old pay little tax and get free (or in the US heavily subsidised) medical care
Poor basically is anyone under 30 these days, its school ---> university ---> minimum wage job/unemployment these days
In the US, the old can get Medicare which is free, and there is an additional coverage you can get called Part B which costs some money. The old pay little tax because they've been paying social security tax since they were kids on their first job, and medicare is also a separate tax paid throughout life.
If poor is basically anyone under 30, then anyone under 30 is not supporting the old. If they are unemployed, they certainly aren't supporting anyone. They are being supported. If they are making minimum wage, they certainly aren't supporting anyone, because the amount in tax coming out of a minimum wage person's check can't possibly support anyone. So, your thesis that the poor young are supporting the rich, old, idle seems demonstrably untenable.