Hmmmm, I recognise the rhetoric of the German Bier Kellars of the 1920's and 30's.................. I am surprised nobody has mentioned Jews and illegal immigrants yet History buffs will tell you what happened next.....

everyone in that age group right now, is basically sucking up all the money that would be used for OUR generation, for Retirement, and no one seem to know how to fix it.
They are reaping the benefits of wealth that they helped to generate, and have earned. In this World you have to earn it and generate it first.

If you do not encourage savings, retirement provisions and inheritance, then people will just spend all their disposable income (or move it offshore more likely) and you will find yourself living in a South American banana republic before you know it.

that would be used for OUR generation
That is rather like the people who argue that we should not spend so much on defence, but should build schools and hospitals instead. It isn't a perceived alternative, and isn't going to happen, so forget it.

Anyways, just how would money (from any source) be spent on the current generation?................are they uneducated? (nope), are they incapable of work? (nope), are they unwilling to work? (nope)...............the problem is that there just isn't the work.........or at least that is true over here (UK).

If you want to see the real problem just walk down the high street and check out small consumer items............how many say made in the USA as opposed to nothing, or made in China?

101 Macro Economics:

1. The Rich have zero effect on the economy. They spend much the same anyways.

2. The lower down the income chain you go, the greater the effect you have on the economy, as people will spend all their additional disposable income, or cut back when it is reduced. You begin with essentials such as food and clothes, and then work up to things like college educations and luxuries. The other way round when income is reduced.

3. By encouraging additional spending you stimulate the economy by a factor known as the "multiplier effect". It's a bit of a bummer if most of the stuff being bought is made in China...................

4. Nobody believes that the Rich employ people, or would employ more or less with the minor differences that taxation makes. Most people are employed in:

Commerce, Finance, Industry, Institutions, Government.

And I would guess that most Rich and certainly wealthy people prefer to engage outside services, as this gets rid of all the hassle of employing your own staff.

That is how things work, or certainly have since WWII, if not before.

As for public health schemes............yeah you can bang on about those all you like because it won't happen.

I would suggest that it would take an absolute landslide majority; or better still a coalition government to bring it about.............. I think that the private healthcare lobby is just far to strong?

Maybe you should just bring back the Draft for the unemployed?