The foolishness of the old

Older people tend to want their pensions and benefits protected and the burden of cuts to be borne by the young. Of course, this is only natural:
Most people want government to spend more money on them than on anyone else. This applies regardless of their tax contributions (those who don’t pay tax often demand more than those who do). And it is completely understandable. After all, charity begins (and when times are hard, ends) at home.
But it is also foolish. In my latest post at Pieria, I explain why older people should be demanding that governments invest in the young. 


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