3 ms·

ok, call it a contract between an individual and society - the individual pays taxes today and when retired gets his/her medical needs taken care about by the s

by trhway 1y ago

ok, call it a contract between an individual and society - the individual pays taxes today and when retired gets his/her medical needs taken care about by the society. Looks like an insurance contract to me, btw. Anyway, like with any contract, whatever the individual is due under that contract is his dime, not the taxpayers'.

nradov 1y ago
It doesn't matter what you're due under a contract if the counterparty is insolvent. Medicare beneficiaries are going to have to accept reduced benefits and higher fees. This is unavoidable due to demographic changes.
- trhway 1y ago
  the society reneging on its contract today means that the current taxpayers will lose the trust in the society and in particular will be significantly discouraged from paying taxes, etc. as they would lose belief in the society keeping its side of the bargain in the future.
  - nradov 1y ago
    It doesn't matter whether taxpayers are discouraged. Medicare taxes are automatically deducted by employers for most workers.
    - trhway 1y ago
      taxpayers are voters. So it does matter a lot if they are discouraged.