The wealth of others has become more a problem and less an incentive. Capital is blind, Thomas Piketty says. Capital grows faster than the economy. Differences in wealth are inherent in capitalism but do not represent a natural law. A society can accept them or act against them.
The Generational Contract is not the Problem (tags)
The battle is between poor and rich, not young against old. In Germany, the political reforms of the past twelve years r4elieved the wealthy and employers. The top tax rate and corporation taxes were lowered. Then the low-wage sector was developed.