This is insane. 89% of senior citizens support raising taxes on younger workers to maintain their benefits.
A tweet claims that 89% of senior citizens support raising taxes on younger workers to maintain their own benefits, calling the statistic "insane."
Background
- Anthony Pompliano ("Pomp") is a prominent crypto investor, founder of Pomp Investments, and former Goldman Sachs executive. His tweet is criticizing a core feature of the US Social Security and Medicare systems — programs where current workers' payroll taxes fund benefits for current retirees ("pay-as-you-go").
- The clip references a poll finding that 89% of seniors oppose cutting their own benefits and instead favor raising taxes on younger workers. This reflects the fundamental tension in entitlement programs: the aging US population means fewer workers are supporting more retirees, forcing politically difficult choices between cutting benefits, raising taxes, or increasing national debt.
- This debate is central to US fiscal policy — Social Security's trust fund is projected to run short of money by the mid-2030s. Any solution requires either benefit cuts (which seniors oppose) or tax increases (which workers oppose), creating a generational conflict Pompliano is highlighting.