Yeah, I entirely agree that it's a system set up for the benefit of the rich.
Historically speaking, that's pretty much all we have ever had.
I do want to echo the difference though. In the 'old system' of hoarding dragons, the money was useless. In this 'new' inflation system, the money is being sent out into the economy to invest in things. See the ZIRP of the 2010s. The money is working, not the dragons, but at least that is something.
As for the elderly, the maximum outflows of social security in the US will be in ~2030. So expect a lot of chatter leading up to that year and then for it to die down (literally).
>As for the elderly, the maximum outflows of social security in the US will be in ~2030. So expect a lot of chatter leading up to that year and then for it to die down (literally).
The ratio of inflow to outflow is important, not the outflow. Also, Medicare/Medicaid get lumped in with Social Security for the purposes of discussion wealth transfer from workers to non workers, and I don’t see the ratio of inflow to outflow increasing anytime soon.
Historically speaking, that's pretty much all we have ever had.
I do want to echo the difference though. In the 'old system' of hoarding dragons, the money was useless. In this 'new' inflation system, the money is being sent out into the economy to invest in things. See the ZIRP of the 2010s. The money is working, not the dragons, but at least that is something.
As for the elderly, the maximum outflows of social security in the US will be in ~2030. So expect a lot of chatter leading up to that year and then for it to die down (literally).