in Australia, when we pay taxes, we get a receipt. The receipt shows what our taxes were spent on
in Australia, when we pay taxes, we get a receipt. The receipt shows what our taxes were spent on
I assume "Other purposes" is govt kickbacks to mining and gas companies š¬
You're viewing a single thread.
USA:
Defense: |||||||| |||||||| |||||||| |||||||| |||||||| |||||||| |||||||| Boomer Welfare: |||||||| |||||||| |||||||| |||||||| |||||||| Interest on Debt: |||||||| |||||||| Everything Else: |As yet, social security is still a SELF-FUNDING program that lends money to the general fund. I'm gen-x, not a boomer. Stop buying into generational warfare. We have more in common with working class boomers than with gen Z tech bros.
social security is still a SELF-FUNDING program
Itās also had negative cash flow for the last decade despite exponentially growing future obligations, and is currently trending towards insolvency by 2033. Thatās what happens when you detach expenditures from taxes. So while boomers are simultaneously enjoying low taxes and reaping the benefits of social security, the fund will run out of money before it can have any chance of paying out for millennials. Itās not like the social security taxes Iām paying now are being āset asideā for me - theyāre going directly into the welfare checks for my parents.
and what's wrong with "social services" having a negative cash flow? It's to help people in need, that's the entire purpose of taxes, to help the community/country. why do people think that any government systems should be positive cash flow like it's a business? LOL
Pretty sure they aren't upset at the government not turning a profit or taking care of people.
social security is still a SELF-FUNDING program
[Insolvency is] what happens when you detach expenditures from taxes.
So while boomers are simultaneously enjoying low taxes and reaping the benefits of social security, the fund will run out of money before it can have any chance of paying out for millennials.
Itās not like the social security taxes Iām paying now are being āset asideā for me
As someone who has spent a lot of their time around wanna be gen z tech bros, 99% of people have more in common with a damn antelope than gen z tech bros, especially the fanatically devoted ones. Those guys make some Jonestown people look like they
aren'tweren't in a cult