You know what Congress could do instead if they weren't fucking morons? Eliminate the cap on social security taxes. Viola! Crisis averted.
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The same Larry fink who helped pioneer mortgage backed securities that helped crash the market in 2008?
Remove the income cap and make the wealthy pay into the system like should always have been doing. This is a made up crisis created by the wealthy.
With all the productivity gains in the last 50 years we should be working shorter work weeks and retire earlier.
That this discussion is even happening just goes to show how the rich have pulled the wool over our eyes.
encouraging people to continue working past age 65.
We already made this adjustment to social security: retirement age is 67. This is just an excuse to pay less to people who are forced to retire for health or job reasons
Speaking as someone who probably can’t afford to retire, I expect my “retirement age” to be whenever ageism catches up so I can no longer get a job
I might already be there. Figured it would be till im physically unable to work but who knew jobs would just not be there. Man I was way to optimistic.
Might be there as well. Through my 40s I scored two solid sysadmin roles, now I can't score an interview.
So let’s take advice form a billionaire who should choose to retire at any time. I really can’t wait for the class wars to start. I’m tired of this culture war.
How bout use the increase in worker productivity to provide for the retired population over the last 50 years? We'll take the remainder for a new welfare state too.
Throw him in a cage with a large hamster wheel and live stream it while viewers yell through speakers for him to fuckin keep working. Now thats a black mirror episode idea which wouldn’t air, but it would be a fuckin hit
Or you could stop printing trillions of dollars to give to corporations and let people have a sub 40 hour work week so they have kids who aren't economic migrants.
When the average american's lifespan is falling? 🤣
That's what most countries are doing rn, with Denmark or some other """"nordic socialist"""" country recently pushing retirement age to 70 and others talking about it or slowly pushing the age forward as well
It's a giant scam to force people to pay into a retirement that they are going to die before they see. There is like a thousand other ways to fix retirement like, get rid of prescription drug laws and the excessive parents and copyright system.
Does the us have the safety net programs in place to support that? The social welfare systems supporting a longer healthspan and lifespan?
This should go over well
He's the CEO, he can just keep working himself until he dies. They run companies by themselves anyway...
The UK is moving to 70... The State Pension Age Is Set To Rise To 70 - Meaning Millions In The UK May Have To Work Longer Before Retiring https://share.google/HGtYnhv1hEwIATIN8
Young people are blaming “boomers” (because they don’t know what that actually means)
Boomers explicitly ushered this reality into existence. The young people are correct.
The young people will be the new boomer scapegoat soon enough. The latest generations are not immune to propaganda and corruption from politics.
What scapegoat? The enmity heaped at the feet of Boomers is absolutely deserved.
They voted in the worst people, they took advantage of every social opportunity only to immediately pull up those same ladders behind them, they have collectively had an outsized influence on global politics and economy for 50+ years, and they are still, to this very day, hoarding resources while perched upon corporate and political ladders as implacable barriers to young, fresh leadership. They have collectively defaulted to obsessively focusing on their own material needs and wants, while stripping the futures from a minimum of Millennial (Y) and Z generations. Anecdotally, they are the least empathetic and most gullible of rubes- defiant in their ignorance and arrogant in the face of overwhelming facts.
Obviously not every Boomer is an awful person, but as a cohort they are the worst generation in modern history.
You are ignoring the propaganda and corruption these folks experienced their entire lives, in a time where media was even more tightly controlled than it is now. This generalization and attack on an age group (not mine, I'm millennial) misses the entire point in my opinion. Getting mad at boomers is not in any way helping, especially as it relates to this article. People have been fooled their entire lives and I feel bad for all of us.
They were "Generation Me" before anything else.
I'm not getting mad at Boomers; I'm apportioning blame as I see it merited. Why should they be denied their own culpability?
They could have received college educations for the price of a modest car; most chose to remain ignorant. Even now, Boomers hold pervasive views of intellectual resentment; they sent their own kids off to college, and then refused to listen to an educated word they had to say.
I'm pretty sure the current retirement age is set at 72. Right?
For far too many people that means work until death. Likelihood of expiring before retirement age.
How does technological unemployment (e.g. AI replacing jobs) factor into this?
They'd be no retirement crisis if the government paid back all the money it borrowed from Social Security. Or if a steady stream of Immigrants came to our country.

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