Alycia’s Reviews > The Second Estate: How the Tax Code Made an American Aristocracy > Status Update

“The lack of protection for future retirees will have real consequences beginning in the 2030s according to experts.… The Social Security trust funds (used to supplement payroll taxes to meet current demand) are due to run out in 2035. Because the program is prohibited from paying benefits without resources, benefits will need to be cut by about 20%.“