Bloomberg Turns Class War Into Generational War

The basic economic facts of the last three decades are smashing down around us like a ton of bricks. The bulk of the gains from economic growth have gone to the richest 10 percent and especially the richest 1 percent. The bottom 90 percent of the population has seen little benefit from three decades in which output per worker hour nearly doubled.

So how does Bloomberg News deal with this situation? It warns us of "generational war." It tells us that Social Security and Medicare benefits for s...