“SS/Medicare”
If the old folks have no money to pay property taxes, mommy and daddy should plan on FICA/Medicare taxation being replaced by K-12 private school tuition.
Things are not as unfair as some would think.
My parents and their generation paid for my K-12 education.
My parents paid school tax even after my leaving public school, probably enough to cover my and my siblings’ shares of my and their teachers’ pensions.
I’ve paid school taxes for 40 years after college. Adjusted for officially declared government inflation, that’s ~$100,000. Many, many other older Americans have contributed far more than my ~$100,000.
Government social insurance systems pay out heavily at older ages because Americans/Brits would not stick around in the high-priced USA/UK if they didn’t.
I’ll add that if school taxes weren’t imposed, I would have been far more able to risk money in the stock market, which has given huge returns broadly.
But, that is the main reason of the expensive doom loop of government spending. If you weren't paying into the system, the system would be much cheaper. Same for all expensive problems, college, healthcare via medicare etc. Government payouts help to keep things so expensive.