I don't see how seniors have paid more than their fair share of taxes. If anything, it's the other way around. Government expenses have exceeded revenue for decades. No senior alive today ever paid as much of a percentage of their income in debt expense when they were young as the young people today have to pay. Young people today are paying off debt created by people the age of their parents and grand parents.
On some things like social security, yes. Property taxes, not necessarily. For instance, my grandparents have been paying property taxes since something like 1947, when they bought their first house. Now, I can't remember what the statistic is, but either 55% of your property tax goes to fund the state public school system, or 55% of the public school system's budget comes from property taxes. I remember there was a 55% in there, somewhere.
So, in my grandmother's case...my Mom graduated high school in 1967, and my uncle in 1971. So at the point, they no longer had kids in the system, yet their taxes were still funding the school system. Grandmom just died this year, so that means that her property taxes were still funding the school system for forty four years, after her last kid graduated.
Someone who's younger, and hasn't been a homeowner for as long, hasn't funded the schools for as long. For instance, my Mom was a homeowner from around 1970-77, 1979-80, and 1989-today. So she hasn't paid into the system for as long. And I've only been a homeowner, and paying property taxes, from 1995-today, so I've paid in less as well. And someone who is a life-long renter will NEVER fund the school system.
So in this case, the older people, who have been homeowners for a long time, HAVE paid more into the school system than younger people. Now, when today's younger people get old, they'll be in the same situation, with regards to younger people at that time.