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Broke Quote by Dennis Prager

“The welfare state is predicate don collecting money from today's workers in order to pay for those who paid in before them. But today's workers don't have enough money to sustain the scheme, and there are too few of them to do so. As a result, virtually every welfare state in Europe, and many…” quote by Dennis Prager
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“The welfare state is predicate don collecting money from today's workers in order to pay for those who paid in before them. But today's workers don't have enough money to sustain the scheme, and there are too few of them to do so. As a result, virtually every welfare state in Europe, and many American states, like California are going broke.”

Dennis Prager

About This Quote

Source Opinion Column: The Welfare State Crisis, 2020

Welfare systems rely on current workers funding past beneficiaries, but demographic shifts strain finances.

In simple terms: Welfare depends on workers funding retirees.

Key Takeaway

Reform funding to ensure sustainability.

Themes

economics demographics policy

Mood

critical analytical

Type

political economic

When to use this quote

  • government budgeting
  • public debate
  • tax reform

Key Concepts

social security intergenerational equity

Questions to Reflect On

  • What alternatives exist to current welfare funding?
  • How can societies balance support and fiscal health?
A Different Perspective

Political solutions may be politically difficult.

3.7 out of 5 (6 ratings)

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