This table shows where US citizens federal tax dollars go. The largest single expense? Entitlements. Social Security, Medicare, and Medicaid make up 38.5% of the first sample family’s federal taxes. The second largest? Nine military subcategories that total 22.5% of the sample family’s federal taxes.
Over one half of the sample family’s federal taxes fund entitlements and military expenses. That can’t be sustainable.
It’s only a matter of time until both the social security retirement age and means testing increases. As a result, well-to-do people will receive reduced benefits later in life. And we’ll be forced to reduce the size of our military and our commitments abroad. We can’t afford the status quo any more.