This article was written by Brandon Smith and originally published at Birch Gold Group

The young do not think about getting old, and this is to the greatest benefit of governments which spend and inflate younger generations out of any future subsidies they might one day come to rely on. For most people in Gen Z, though, there is at least a tacit acknowledgment that they are paying into a system that might not be there for them when they retire. However, their only point of reference is usually the rantings of their socialist college professors or a mob of crazed activists on TikTok.

So, naturally, the only solution they can come up with is MORE power for government, more taxation, more communism and more redistribution of wealth. In other words, give more control and more cash over to the state which already misspent their money.

The idea of pillaging the wealth of others as a shortcut to security for a single generation is not new. This plan is doomed to fail, as it has failed in nearly every socialist system with a population larger than around 10 million people.

Even in "market-capitalist welfare states" that are often cited as "successful" like Norway, Sweden, Denmark and Finland, the ability to continue retirement funding at a rate which provides a livable wage is only possible if the retiring population is much smaller than the working population.

Across the west at present, the larger Baby Boomer generation is aging completely out of the labor pool and these systems are being depleted rapidly. The demographic squeeze is tightening and in the US, those special Treasury securities are now being redeemed – Social Security is set to decline starting in 2034.