I am on vacation until November 12th and will try to post as internet access permits. Meanwhile I am reposting some interesting articles from the past.
A column by Robert Samuelson about the upcoming “Boomsday” – the time (projected to be 2011) when 77 million baby boomers begin hitting the age of 65 and demanding their social security payouts. Because of the nature of the Social Security system, it will be the Boomers’ children whose social security taxes are paying for their parents’ retirement.
Many social critics anticipate a “generational backlash” when taxes have to be raised to accommodate the burgeoning Social Security program, and this dovetails nicely with the upcoming square of Uranus in Aries (revolution for individual rights) to Pluto in Capricorn (breaking down the power structure). Uranus enters Aries in 2010 and enters the orb of the square, with the exact square taking place in 2012. Capricorn rules finances and investments, and Social Security falls under the Plutonic realm of “other people’s money.” I have been anticipating a great deal of social unrest at that time, but this intergenerational battle could be a part of that as well.