Shock poll: 89 percent of boomers want higher taxes on young people
Shock poll: 89 percent of boomers want higher taxes on young people
If you spent any time on social media this week, you might have seen a trending news item that really boils my blood, and maybe yours: The headline is this:
“JUST IN: 89% of American seniors support higher taxes on younger workers to protect current Social Security benefits, per Cato Institute”
And that got shared over and over by all sorts of different accounts. In fact, it isn’t breaking news — I tracked down the Cato Institute study that produced this result, and it was published last December.
But aside from the false portrayal of this as breaking news, I totally agree with the freakout and the fury it produced on social media. Yes, it is a moral scandal that the boomers — retirees, the wealthiest generation in American history — will stop at nothing to protect their welfare payments from the government, and would be happy to raise taxes on younger, poorer Americans in order to save Social Security.
From Cato: “A striking generational divide emerges over Social Security reform. A majority (53%) of Americans under age 30 say younger workers should be protected from higher taxes even if doing so requires reducing benefits for current retirees. In sharp contrast, 89% of seniors age 65 and older believe current retirees’ benefits should be protected even if that means higher taxes on younger workers.”
You make, they take.
When Social Security was enacted nearly 100........
