"bad cattitude" describes an upcoming fiscal collapse
https://boriquagato.substack.com/p/breaking-the-tytler-cycle
Problems like
- debt & the payments
- social security & the aging population
- higher tax rates drive more avoidance
and so on.
A follow up by "bad cattitude" about a post a couple days ago
https://boriquagato.substack.com/p/paying-for-entitlements
This takes a look at Social Security in particular as an entitlement. Lots of charts and tables. Like the number of workers per beneficiary by year.
Basically if you had invested the SS payments yourself - they would have been plenty to carry you through retirement in MOST cases. Not the way the US government handled the money.
@mhjohnson I really always want to emphasize that the politicians and others have been lying to us for so long when they treat social security as something that is guaranteed.
If we can be honest about it and point out that social security is just another federal program that can be ended literally any day then maybe people would look into it more closely to make sure it is solvent.
So here's a chance for me to shout it out 🙂
Social security in the US is just another federal program with no guarantee that it will exist tomorrow. So push your representatives to have a solid plan for going forward with it, if you want it to go forward.
