This is not going to happen!
http://www.zerohedge.com/news/2013-12-16/chart-day-what-generational-theft-looks
I don't think this is going to happen for the simple reason that people will move their business if they feel they are being robbed by the government. Of course Government can rob the middle class forever but the big Sharks will pay taxes somewhere else.
I see a future where government prints money and gives money to almost everybody. Net net the future generation is going to be a net receiver as the previous generations. The debt is going to go up steadily. There is not work for everybody and the State has got to support a big part of the population. Automation&Robotisation is killing thousand of jobs a day.
I have posted in the past about this
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