I like this video (and channel) for some pretty decent explanations on economic stuff. Might not agree with all of it, but it doesn’t mean there aren’t lots of good points/it isn’t well thought out.
Is Hyperinflation Coming?
As for whether the gubmit will be able to pay your pension, or it’s bills, is mainly touched on by the video and posters above: we print a valuable, world-useful, and respected currency, so as long as those things keep happening, we can kinda print whatever we want. Also helps that, while our numbers seem crazy, the whole world is doing the same thing (well, at least in relation to Covid and the Great Recession) trying to prime their economic pumps.
Weimar Republic was bad because there were other stable(ish) investments to park your money like the US and UK in the 20’s. Currently, there’s not really any other major economy that’s “just fine.” Everyone sucks, so everyone’s printing, so there’s not a huge cause for alarm.
So what, though? They also have more money AFTER taxes than the bottom 90% due to wealth concentration. Using just a sheer numeric value is disingenuous because, yes, they may be paying a greater NUMBER, tax-wise, but I’m certain, dollars to donuts, they’re paying a much smaller % OF THEIR INCOME in taxes than those in the bottom 90% due to multitudes of tax loopholes and dodges; especially when you start getting closer to that top 1%.