Last year, a debate formed around the issue of lowering the voting age to sixteen in the United States. While few have quibbled over the minimum age to be eligible to vote, even few people have ever considered creating an age ceiling for voter eligibility. Younger voters and older voters suffer from the same problems when voting for candidates and policies. They both have distorted incentives. Which have been warped by a lack of skin in the game. If you do not own property or own property but are not meaningfully contributing to the tax pool your you are effectively insulated from the consequences of taxation. This has the potential of voters electing candidates and policies that advocate for profligate spending.
Some may argue that seniors have a right to vote on policies that directly impact them such as social security. Especially considering they have rightfully paid into these entitlement programs their entire lives. However, this perspective does not consider the facts Baby Boomers are collecting far more than what they have paid into these programs. Due to the vast number of Baby Boomers collecting and their lengthier life expectancy when compared to previous generations. Two variables were not considered when Social Security was first established in the 1930s. Effectively creating an intergenerational transfer of debate and inflation to be borne by subsequent generations. In many ways, this distortion in incentives is more dangerous than that of younger voter blocs. At least they will someday have to contend with the consequences of such policies. The intergenerational transfer of entitlement programs and publicly funded pensions has to be one of the most salient examples of fiscal illusion. Shifting payment to the children and grandchildren of the beneficiaries effectively severs the connection between spending and taxation.
This is not to say that senior citizens do not possess the facilities for sound judgment. What incentive do they have to support fiscally responsible policies? Very little. Ultimately, they will not be the ones picking up the bill. This sheds light upon the land ownership requirement for voter eligibility implemented earlier on in American history. If you are not subjected to taxation you are going to be less mindful of economic matters afflicting the country. This criticism is notably aimed at college students who can vote but do not meaningfully contribute to the tax pool. Elderly citizens are in a similar situation. Most no longer work or only work part-time. Yet, they collect large sums of money collected in the form of government allocated benefits. Naturally, if you are making meager sums of money, you are going to be relatively insensitive to the levying higher taxes on the upper-income brackets. Even if such targeted taxation would result in less investment in the U.S. economy. Then again if you are already retired, why would this be alarming?
If an individual is receiving publicly funded benefits later in life they are shield from having to pay for these services. They are also disconnected from the adverse ramifications of this vast re-distribution of resources. Considering the lack of sensitivity to the consequences, this makes this voter demographic a prime candidate for manipulation by political pressure groups. Lobbying organizations that advocate on the behalf of seniors such as AARP understand that Social Security and Medicare are both powerful bargaining chips. The scintillating spark to ignite the indignation and ire of senior voters. Not to mention acknowledge that it is the secret weapon in mobilizing elderly voters to become devout participants in the political process. Few demographics are as steadfast regarding political participation than seniors. Groups such as AARP attempt to align the incentives of seniors towards voting for an elected official that is left-of-center. Due to their historical congeniality towards entitlement programs. Fostering a decades-long coalition between the left and seniors’ advocacy groups. Typically, promoting fear-mongering surrounding the potential of right-wing politicians eliminating treasured entitlement programs. Most of these claims are either highly speculative or hyperbolic. Due to the fact to alienating your most loyal demographic of voters would be political suicide. The threat of losing the senior vote will keep even the most vehement budget-hawk on their toes. The myth of Republicans being willing to commit political suicide remains strong. Leading these groups to skew the voting of incentives of seniors towards less fiscally responsible policies and candidates.
Individual votes are indeed inconsequential in elections. It’s more the overall aggregate voting pattern of a specific voter bloc that is significant. The key is to pander to the sensibilities of your targeted demographic. Either through factual discourse or the spread of misinformation. There are so many strategic groups gunning for the senior voting bloc, that unless one is well-versed in political science it would be difficult to distinguish these attempts at manipulating voting behavior from well-intentioned advocacy. Unfortunately, there is quite a bit of overlap between the two. Only confusing matters. It is important to remember that someone other than seniors stands to benefit from advocating for generous entitlement programs through increased job security. That is the administrators operating these departments that manage programs such as social security. Those employed by AARP benefit from having a cause to advocate. It is not pure beneficence these organized bodies push for increasing allocations for entitlement programs. I believe that most seniors still have the cognitive capacity to navigate these waters. Why should they have to? If you worked your entire life, raise kids, etc. why still grapple with constantly being manipulated by the invested interests in Washington? From the standpoint of mental health, it may also be advantageous to implement a voting age limit.
If those entering their golden years have an iron-clasp on their entitlement benefits at what age should they cease to be eligible to vote? This answer is quite simple. As soon as an individual is old enough to qualify for Social Security. Presumably once a person reaches retirement age they will opt to receive these benefits. Meaning they no longer have a stake in supporting fiscal responsible policies. To remedy the incentive problem, I would be willing to compromise with the following contingency. If a senior citizen would like to retain the right to vote they should forfeit the ability to collect Social Security. While they may not completely have skin in the game in they no longer generate taxable income, their incentives structure has been completely compromised by a boundless array of publicly funded entitlements. Once you start to accept these benefits and begin to expect them, you have already sold your vote to advocacy organizations, bureaucrats, and opportunistic politicians. Making relinquishment of voting rights a fair trade-off if one is looking to receive social security.