Re:Job loss predictions over rising minimum wages haven't co...
by nemo44x on Monday November 25, 2019 @03:55PM
(#21632719)
> You can pay today or you can tomorrow with interest.
You can pay today or you can have the next generation pay for it tomorrow with interest.
This is what we are seeing right now. Previous generations lived on public debt and funded their infrastructure, their services, and their retirements and pensions with debt which has to be paid out of current tax payers revenues. This has left us in a situation where so much tax money is being used to pay back debt in the form of bonds, pensions, etc. This has seen a reduction in school quality, in infrastructure maintenance, public services, etc because the money isn't there to pay for these things.
And then I see young people today cheering for Warren's plan to increase benefits for the elderly, unaware that this comes out of their pocket. That this will take away their services and their infrastructure and their future.
You can pay today or you can have the next generation pay for it tomorrow with interest.
This is what we are seeing right now. Previous generations lived on public debt and funded their infrastructure, their services, and their retirements and pensions with debt which has to be paid out of current tax payers revenues. This has left us in a situation where so much tax money is being used to pay back debt in the form of bonds, pensions, etc. This has seen a reduction in school quality, in infrastructure maintenance, public services, etc because the money isn't there to pay for these things.
And then I see young people today cheering for Warren's plan to increase benefits for the elderly, unaware that this comes out of their pocket. That this will take away their services and their infrastructure and their future.