Invite ye felawes and frendes desirous in gold to enter the gates of Shrewd'm, for they will thanke ye later.
- Manlobbi
Stocks A to Z / Stocks B / Berkshire Hathaway (BRK.A)
No. of Recommendations: 5
The trick to "saving SS" is to force more people to work longer, rather than letting them retire at the age they were promised retirement.
Dr. Oz Says If The Average American Delayed Their Retirement And Worked One Year Longer, It Would Increase The GDP By Trillions Of Dollars
Oz, the administrator of the Centers for Medicare & Medicaid Services, connected the dots between improved public health and workforce participation during a White House press conference this week. If Americans could stay healthy enough to work just one additional year beyond the current average retirement age of 61, it would “increase the overall GDP of our nation by trillions of dollars,” he said.https://currently.att.yahoo.com/finance/news/dr-oz...Oz is making the case for encouraging people to take better care of themselves, so that they are physically able to keep working. TPTB won't care about that. They will only care about extracting more labor, as they are the ones who would most profit from the extra GDP.
Steve
No. of Recommendations: 1
Dr. Oz is mistaken IMO.
I don't think as most people age they retain much if any real productivity.
Having more old fogies clogging up the economy than are already still doing so would be a net drain on the economy.
Plus anyone in a physically demanding job just don't see how it makes sense.
No. of Recommendations: 0
hee hee.
Long ago I told Sheeple that France and other racist European murderous nations will have to raise retirement ages.
It's happening :)
C'mon you liberals want us to be more European, so we'll just raise the age.
PS: I am 100% for preserving SS. I'd raise FICA to do it. "But it's gonna hurt the economy" - oh fuck off. It means dumb-fuck Americans will have a few bucks less for tattoos and eating out and streaming services.
Otherwise, let's take out the overpaid 401K'ers - they will be fine. Let's take out the Asian and Arabic immigrants - many of them will and ARE richer than the 401K'ers due to better culture..... But the rest of America.....who was born to spend AND have been displaced by the digital and global economy bullshit-- are gonna be in hunger games.
A population that spends so freely - can afford a few bucks for retirement programs.
No. of Recommendations: 1
Plus anyone in a physically demanding job just don't see how it makes sense.
There are plenty of non-demanding jobs. I had a desk job. Could probably do it as well now, at 72, as I did when I retired at 58. So, the old phartz take all the desk jobs. The younger generations do the hard work, until they can't, then they are cycled through desk jobs.
I remember some luminary on bubblevision, years ago, offering that "in a perfect world, you would die the day you receive your last paycheck". Why that day? Your usefulness in making rich people richer ends. I remember Bush 43 singing the praises of some farmer, supposedly in his 90s, who still got up at dawn to work his farm. The local news here was fawning over some guy in his 90s, who still works as a car salesman for a local dealership. The narrative has been bubbling for years now, that people should work as long as they are able. I have seen a vector of that argument offered to people complaining about rising prices: "work more hours".
That is what informs "Plan Steve", when I put my MBA hat on: for able bodied people, regardless of age: work requirement for Medicare benefits, and no SS old age pension. Let's promote "Plan Steve" with a narrative that "100% of people who retire die, while a much lower percent of people who work die, so forcing people to keep working is good for them, because they will live longer".
/sarcasm
Steve
No. of Recommendations: 1
for able bodied people, regardless of age: work requirement for Medicare benefits, and no SS old age pension.
So taking away ALL savings from everyone--including the wealthy--for obvious reasons. Savings held for retirement are NOT put to optimal use, so they MUST be eliminated.
Let us see how well Spankee does on the chain gang. Well, HE claims "perfect health"....
No. of Recommendations: 1
Let us see how well Spankee does on the chain gang. Well, HE claims "perfect health"....
With all the loot he's stolen, he could pay. CEO's frequently have a company paid retirement pension and health insurance, the benefits they took away from their employees 30 years ago, negotiated into their contract. It would only be the Proles, to who their SS pension and Medicare are significant contributors to their ability to retire, who would be forced back into the workforce.
But, bringing up Trump the Virile and Perfect, technically, he is "working" at age 79.
Steve
No. of Recommendations: 0
CEO's frequently have a company paid retirement pension and health insurance
UH, those are ALL "savings"--just like the peons try to do. So, they "disappear"--like all the OTHER savings--and Spankee is back on the chain-gang.
