Precisely, people on the left wildly overestimate the admin overhead while people on the right wildly overestimate the fraud.
In the end, we have a gradually increasing idea of what the "basics" are which we should provide the poor / the elderly / everyone, and a decreasing working-to-retired ratio.
That is - the spend side is increasing faster than the income side. Europe is about 10 years ahead of us on this problem, but we are catching up fast.
In the end, we have a gradually increasing idea of what the "basics" are which we should provide the poor / the elderly / everyone, and a decreasing working-to-retired ratio.
That is - the spend side is increasing faster than the income side. Europe is about 10 years ahead of us on this problem, but we are catching up fast.