“In 2000, there were about 24 Americans aged 65 and older for every 100 working-age adults. By mid-century, there will be 43, according to the CBO. Taxes levied on narrower cohorts of working Americans are being called on to finance Medicare and social security for a growing cohort of pensioners, straining deficits and increasing debt.” Guardian UK. Plus democrats want to reduce the number of democrats paying income taxes by 50%!
“Generally, retirees receive significantly more in Social Security benefits than they paid into the system, especially when considering lower- to middle-income earners and long lifespans. The average retiree often receives two to three times as much in benefits as they contributed in payroll taxes, partially because the system acts as a progressive social insurance program.” Google AI. It will run out of money by 2032, the party is over!
And that is all I’m going to say abut that!
