America's Welfare State Is Doomed |

America’s Welfare State Is Doomed


The inevitable crisis will be brought on by demographics.

The productive, tax-paying middle class is shrinking. And no combination of taxing the elderly at the top  and reducing their benefits will offset the loss of money flowing into the system at the bottom.

According to Daniel Greenfield:

The “modern” system that we have adopted with its low birth rates, late marriages, working parents, high social spending and retirement benefits is at odds with itself. We can have low birth rates, deficit spending or Social Security; but there is no possible way that we can have all three.

But we continue to insist on having all three.