[dragnet2]

It’s even worse because not all households contribute, many are already net tax users and that will probably get worse over time since the baby boomer demographic is now beginning to retire.

Don't contribute?

Lets see, millions lost their homes, jobs, businesses, investments, millions of others had their hours, benefits cut or dramatically reduced, wages stagnant for years, while the everything goes up and up except their wages and homes values...

Hmmmm...

[silverleaf]

the “baby boomer demographic”, even in retirement, may be the last segment of American society that feels a moral obligation to pay its bills and property taxes, even at the point of sacrifice

At least, until even that isn’t enough

Then the city bosses will demand that “rich” seniors who have saved and paid off their homes for retirement, sell the house or get a reverse mortgage to keep sending them tax money

[MSF BU]

Yes, the calculations are not pretty. I think in the best scenario we’re in for some steep inflation rates over the next few decades. The ONLY mitigating factor I see is that most of the rest of the world is in worse shape than America is.