You’re right about the serfs and intergenerational resentment; I tell my young colleagues that it is their generation (those under 25 today) that will have the next real fiscal revolt when they find that it takes two of them to support my social security payment. I am realistic enough to see that quality of life will decline considerably as these massive entitlements become impossible to sustain. I wonder, however, if government will indeed become smaller; the Great Depression led to the massive growth in government we see today. Of course, it still is impossible to tax at a rate greater than 100%. (although I think it was tried in Sweden.)
The fiscal & possibly physical revolt will end your SS payments. But before that occurs, other revolt is more likely, considering most Americans don’t know that their private savings are being rapidly eroded through dollar depreciation while the cost of necessities is skyrocketing. The Fed are a bunch of *ssclowns. If a dollar is worth 50%, it is only being seen if you travel overseas. Soon, Americans will see that the dollar is now worth .50 including your savings and 401k plan. Not going to be pretty...