Mildly Interesting

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in Australia, when we pay taxes, we get a receipt. The receipt shows what our taxes were spent on (lemmy.world)

submitted 1 year ago by [email protected] to c/[email protected]

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I assume "Other purposes" is govt kickbacks to mining and gas companies 😬

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[–] [email protected] 18 points 1 year ago (1 children)

USA:

Defense: |||||||| |||||||| |||||||| |||||||| |||||||| |||||||| ||||||||
Boomer Welfare: |||||||| |||||||| |||||||| |||||||| ||||||||
Interest on Debt: |||||||| ||||||||
Everything Else: |

[–] [email protected] 5 points 1 year ago (2 children)

As yet, social security is still a SELF-FUNDING program that lends money to the general fund. I'm gen-x, not a boomer. Stop buying into generational warfare. We have more in common with working class boomers than with gen Z tech bros.

[–] [email protected] 8 points 1 year ago* (last edited 1 year ago) (1 children)

social security is still a SELF-FUNDING program

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.

[–] [email protected] 3 points 1 year ago (1 children)

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

[–] [email protected] 1 points 1 year ago* (last edited 1 year ago)

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

[–] [email protected] 6 points 1 year ago* (last edited 1 year ago)

As someone who has spent a lot of their time around wanna be gen z tech bros, 99% of people have more in common with a damn antelope than gen z tech bros, especially the fanatically devoted ones. Those guys make some Jonestown people look like they ~~aren't~~ weren't in a cult