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>I fully expect it will be people who are saving their income that will pay to fund those who are not in the future if the latter is the majority. Absolutely.
by icelancer 9y ago
>I fully expect it will be people who are saving their income that will pay to fund those who are not in the future if the latter is the majority.
Absolutely. I expect the government to renege on most tax-advantaged programs for retirement they instituted in the 1960s and on (Roth IRA etc). I expect Social Security to stop being paid to higher net-worth individuals or for them to be pushed into a later age where they can collect it.
The crisis we face isn't one that is going to be fixed easily. Government receipt shortfalls project to be massive in a few decades.