The Empty Playground and the Welfare State
Excellent though long article about the relationship between the generations in the welfare state who the social contract has changed and the effects on the demographics of our society and ways to try to redress the balance.
The Empty Playground and the Welfare State - Ramesh Ponnuru - National Review Online
The author suggest that increased child tax credits are a way to "compensate" families who raise children who pay for the reitirement benefits of the elderly.
The suggestion seems to be a very sensible one (my kids are adults so I will not benefit). This sort of arrangement will even work within the context of a flat tax system.
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