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Young Americans turn against Boomers over Social Security
(www.newsweek.com)
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this post was submitted on 09 Jan 2024
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Money isn't "made up". It's valuable because a government will only accept it to pay taxes. You can't pay taxes with anything else. Businesses keep local currency and accept payment in it (but not foreign currency) for this reason.
There's no reason to run up debt when corporate or income taxes can be raised. The US has some of the lowest taxes in the developed world. Increasing them is only a political problem, not a financial one. This may become more obvious when the Social Security trust fund gets lower in a few decades.
Money is made up, Government is made up, Religion is made up, its all made up, lets not get lost in our own hubris of humanity on this.
We as human beings happen to have the intellectual evolution to make up all of these variously complex systems of organization. The scientific method itself is such an improvement on our made up bullshit because it created a system to test the viability of the ideas for systems we make up. Your perspective mandates all suspension of disbelief to accept it at face value without any room for nuance.
At the end of the day, a phrase itself which is just the made up concept to describe the period of our planets revolution in which light from our star is no longer visible from our line of sight perspective, stacking economics and government spending on top of imaginary debt has an instinctual feeling of wrongness even before trying to systemize that feeling into our made up definitions of ethical/morality/legal systems.
Welcome to humanity, where everything is made up and the points dont matter unless you perceive them in a way that matters. I swear I'm not high right now.
No doubt you can increase taxes, sure.
You can just print more money though and give it out as social security.
You seem to understand economics at an elementary-school level.
Please elaborate on what I don’t understand.