The Coming Generational Storm: What You need to know About America’s Economic Future

Feb 21, 2015 | ENTITLEMENTS

Since we’ve promised more than we can deliver, someone’s ox will get gored.

Taxes and transfer programs cut the spending to the top 1 percent in half, but they double the consumption of those in the bottom fifth of the income distribution.
From a forthcoming NBER study by Alan J. Auerbach, Laurence J. Kotlikoff and Darryl Koehler


Generational Storm Graph Entitlements