Replies

The blame for this can be laid at the feet of socialist Utopians who think that good intentions will trump economic reality.

Social security was successful only because it could tax many workers to pay the retirement of the few. Over the years, the ration of the number of workers to the number drawing payments has decreased to the point where we are within sight of a tax rate that will not be politically sustainable.

We have a government that deliberately, systematically, and by policy inflates the currency. (Ever hear of the "targeted rate of inflation"?) Inflation benefits the party that sells debt, because the debt is repaid with cheaper dollars. Which party in the US issues the most debt? Government.

Government has also given itself the exclusive power to define "income" for purposes of taxation, and in doing so, it ignores the destruction of value due to its own inflation. So, taxpayers are taxed on the increase in numeric dollars no matter how little the value has increased, if at all. This is wealth confiscation.

Big Labor thought it could offload the cost of its socialist fringe benefits to the customer. Just like when there were only three news networks, so the consumer was forced to accept the news as they saw fit, we had three auto manufacturers with big fringe benefit packages where the cost of those packages were cranked into the retail price of the finished product. This was true in steel, in construction, in any industry that was unionized.

There is no free lunch. The gravy train is coming to a full stop. The bills from this frivolity are coming due and they will fall on the vicitms- those who thought the gravy was theirs.

...There is no free lunch. The gravy train is coming to a full stop. The bills from this frivolity are coming due and they will fall on the vicitms- those who thought the gravy was theirs.

well stated; jus hope gubmint won't raise taxes to pay for hordes' expectations in healthcare, etc.. at a cost to those who've 'got the bread' through industry or luck.