I am in agreement fully. Especially the “voting against their interests”!!! I was amazed my sister voted for Trump citing her disgust of Obamacare when she was just diagnosed before the election with breast cancer. I pointed out that if the ACH is repealed she is essentially uninsurable because of a the BC and she was appalled at that idea “NO! That’s not how it works!” OH YES IT IS SIS!!!
It’s amazing how some can’t see the forest.
Boomers have social security. Those of us in the generations after? We won’t.
not with that attitude
you know - if boomers are responsible for this because they were in charge when they were your age - guess who’s responsible now for what happens when you’re their age?
Oligarchs like the Koch Brothers and their bought and sold tools that run our gerrymandered government?
Do tell me how we fix this. Be specific and don’t just wave your hands and say “replace the government.”
Also, Boomers are responsible partially because there were MORE of them than anyone else. A pyramid scheme doesn’t work when the pyramid is upside down.
but- didn’t boomers face those very same hurdles? if you’re not responsible - neither are genxer’s boomers or jonesers…or post millenials
remove the earnings cap and raise the tax a % or two
So I guess you don’t have an answer. Just hand waving. Thanks.
How do you propose that these tax changes happen? You are aware of the political climate of the USA for the last few decades?
your hands seem pretty flappy
I’m not the one pretending there are easy solutions, you are.
I make good money as an engineer. Social Security is simply a tax of which I will never receive the benefit.
nothing worthwhile is easy - it took decades to get marriage equality. it tooks riots to change Jim Crow - it took the Pinkerton’s shooting workers to get workers rights.
what are you willing to do?
Make more money and laugh at the idiots that think they’ll have social security in 20 years.
At the current rate - 70% of the expected benefit will still be paid in 30 years.
till you automate your own job - sucker
I have to disagree. No one can second guess the market. Taking funds from your employees pension to invest involves risk no matter how well you manage it. After all, many of the ‘best’ fund managers lost big in the last crash. Almost everyone did. Suggesting that there is an upside to risking your employees pension doesn’t seem to hold up to history.
There are more of them for now. But starting in the next decade their numbers will be reduced by death and the numbers of their children (roughly the Millenial cohort) will replace or exceed the Boomers large generational numbers. The real question is whether their job opportunities (and ability to pay into the SSI system) will match that of their parents.
I think the answer to that question is no, which is why I think Social Security and Medicare will be scrapped the moment there aren’t enough Boomers left to complain* and replaced with a life-long neoliberal version of UBI designed to make sure the rich get richer.
[* no-one cares about Xers, and we already knew we’d be screwed over]
I hear that.
So Genxer’s will free ride off of the millennials contributions?
That’s true, but that’s why low- to no-fee index funds exist, along with diversified portfolio strategies. The fact remains that trying to maintain a pension fund on a sub-1% deposit rate is unsustainable. Taking an opportunity cost is a gamble, too, after all – there’s no 100% risk-free place to put your money if you want it to grow.
