Today's Square Community As Proletariat Of The Future

Via Interfluidity, on aversion to our current negative real interest rates:

Current spenders assume risks of future deprivation that current savers are unwilling to accept. Why shouldn’t spenders be paid to bear that burden? Transforming present resources into future wealth is uncertain and difficult work. Savers’ expectation of a positive real interest rate amounts to a demand for time travel cheaper-than-free. Why should such unreason be accommodated? The sense of entitlement carried by savers in our society would put any welfare queen to shame.