If each younger generation *does* hand themselves something unsustainably expensive, each subsequent generation that winds up paying for it (in part) may feel increasingly pressed to do the same for themselves, even at the risk of perpetuating the cycle into full-on death spiral
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My argument is contingent on things getting noticeably worse for the elderly, either in fact or in the shared narrative. IMO, policies extreme enough to risk triggering a cash grab predicated on the perception of a zero sum game are v risky, even if $ flows in the right direction
I think we're *probably* becoming increasingly susceptible to this sort of death spiral as fertility rates drop and familial + communal safety nets break down, making us increasingly dependent on personal ability + the state, especially in old age when the former declines rapidly
