Here's an infowars article, http://www.infowars.com/europe-considers-wholesale-savings-confiscation-enforced-redistribution/
It links back to the original Reuters article.
The only way out of $200T in unfunded entitlements other than default here in the US is confiscation of all public and private pensions and retirement accounts, and SS and Medicare for all. I'm not opposed to the concept, since I don't have a massive IRA, or vesting in full retirement, yet, hoverever, I suspect thare will be a tired system, so that you get what you pay for, unless you're powerful, in which the someone else pays for it, typically the taxpayer, although multinationals have a lot of fluff. Friction lays at the tier lines.
Default is still an option. The 2012 distribution of income graphic is telling. Once TPTB have siphoned off anything of value they can get their hands on, they'll leave the taxpayer holding the bag.
Wealth inequality is still the symptom of a rigged system.
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