<i>...the real story is one of outrageous wealth extraction from the young to the old without a hint of remorse or self-reflection.</i><p>Bingo. More than half of your taxes are directly transferred to retirees. Those debt payments on your school loans are paid back to investors, many of whom are large pension funds and insurance &#x2F; annuity accounts. The Fed has refused to allow a housing market correction, which is an implicit transfer from young to old. And the main point of Obamacare was to force young people to purchase insurance in order to subsidize the older generation.<p>But if younger people would just stop going to Starbucks and buying IPhones, they wouldn&#x27;t have any financial problems.