The bulk of government revenue comes from personal taxes of one sort or another.
The point is our whole social welfare system was designed on a model where each new generation has more taxpayers than the last. And when it was set up, people typically lived for 10 years past retirement, not the 20+ of today. A balanced pay-as-you-go model would have looked very different. And transitioning into one now would be painful.
Denmark recently raised their pension age to 70 to address this demographic challenge. Unfortunately, we aren’t as cohesive or far-sighted.
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Originally Posted by fotze
If this day gets you riled up, you obviously aren't numb to the disappointment yet to be a real fan.
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Last edited by CliffFletcher; 05-26-2025 at 11:11 AM.
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