There is another effect that no one has been considering. The Boomer's money has already been going to them, as Boomer politicians have been stealing from SS for years to fund other programs.
Which means that for similar benefits, other taxes will have to go up, besides just the smaller group of people paying for more people to be retired than ever before.
So we would be looking at a 10+% raise in SS and a 5-10% raise in federal taxation. Giving us a total 20+% raise in taxes. For no increase in services.
Jon Miller
Which means that for similar benefits, other taxes will have to go up, besides just the smaller group of people paying for more people to be retired than ever before.
So we would be looking at a 10+% raise in SS and a 5-10% raise in federal taxation. Giving us a total 20+% raise in taxes. For no increase in services.
Jon Miller
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