Re: Stasi nation
'There has been a long-standing transfer of wealth away from younger people towards the elderly'
Not necessarily so. Interest rates at the moment are lower than inflation, which means that those on fixed incomes or saving for pensions are getting right royally screwed. The elderly usually benefit from interest on their savings, but currently they're running on capital.
Meanwhile, it's the millenials who are borrowing cheap money at rock-bottom rates to buy houses, cars and yes, a better education. In other words, in the topsy-turvey world central bankers have given us, nothing really works the way it did (or should).