Yes I know about the "lockbox" I just meant taxes in general, it doesn't just fall on the kids born between 1965 and 1978 (or wherever Gen Xers come from) to carry the full burden.
No, but Gen-X is facing a much higher Marginal Tax Rate along with higher FICA and Social Security taxes.
We will have to support the baby-boomer retirees during our peak earning years with a dimished ability to save for our own retirement because of the factors I listed above.
The Feds have already raised our retirement age and will have to do so again. Gen-X is first generation in America that will have a lower standard of living than the previous generation--due to the demographics and government interference.
But you boomers just enjoy your lattes and chardonnay, you've 'earned' it....