this post was submitted on 21 Jul 2023

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Mildly Interesting

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in Australia, when we pay taxes, we get a receipt. The receipt shows what our taxes were spent on (lemmy.world)

submitted 1 year ago by Agent641 to c/mildlyinteresting

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I assume "Other purposes" is govt kickbacks to mining and gas companies 😬

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[–] dragonflyteaparty 1 points 1 year ago* (last edited 1 year ago)

Pretty sure they aren't upset at the government not turning a profit or taking care of people.

social security is still a SELF-FUNDING program

[Insolvency is] what happens when you detach expenditures from taxes.

So while boomers are simultaneously enjoying low taxes and reaping the benefits of social security, the fund will run out of money before it can have any chance of paying out for millennials.

It’s not like the social security taxes I’m paying now are being “set aside” for me