It’s also had negative cash flow for the last decade despite exponentially growing future obligations, and is currently trending towards insolvency by 2033. That’s 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. It’s not like the social security taxes I’m paying now are being “set aside” for me - they’re 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.
It’s not like the social security taxes I’m paying now are being “set aside” for me
It’s also had negative cash flow for the last decade despite exponentially growing future obligations, and is currently trending towards insolvency by 2033. That’s 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. It’s not like the social security taxes I’m paying now are being “set aside” for me - they’re 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.