Never good when one section of people are forced to subsidize another section of people.
But then, for every 8 geezers retiring, there are only 2 new workers joining the work force, for a decade or 2 to come. Entitle payments are on track to hit a wall in 15 years. Which means either cut entitlements, or make more babies or import more immigrants. Many countries in Europe and Japan are facing the same problem.
Scary options.....
Leni