Entitlement Myths by Michael Kinsley ((Time Magazine))

Michael Kinsley's 2008 essay from the TIME Magazine examines the idea of entitlement as it pertains to social security, the Nations debt and things of that magnitude. It was reported that the the value of everybody assets was $56.5 trillion, but the value of our liabilities was $56.4 trillion. It seems certain that we are now on the verge of owing more than we are worth. The families in the United States and the Government Officials tendency to borrow irresponsibly has ultimately put this nation in an economic crisis. Much of the money from the companies such as social security and medicare, however, give the old age money which untimely deaths entitle to their children and grandchildren. It seems that increasingly the generation passing on is passing on hundreds of thousands of dollars to their future generations,, most of whom didn't acquire the money through hard work but rather through Medicare and Social Security.


Application : Should coming up generations have an entitlement to the older generations rewards ?



http://www.time.com/time/magazine/article/0,9171,1874858,00.html