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> There are far too many people who really can't save for retirement due to low wages for a significant part of the population. We aren't going to let these peo
by NoGravitas 10y ago
> There are far too many people who really can't save for retirement due to low wages for a significant part of the population. We aren't going to let these people live in abject poverty, and they aren't going to have any money to cough up to support themselves.
The history of the US in the past several decades suggests that yes, we absolutely are going to let these people live in abject poverty. Unfortunately.
- awinder 10y agoThe downstream effects on consumer spending would absolutely result in this being fixed. The alternative is large numbers of people going bankrupt and that's going to hit several sacred cows in this country, particularly housing. There's lots of reasons that I'm damn near convinced that SS will still be around, principally that the gap is actually not that bad if it's dealt with in advance so that the trust funds can take advantage of compounding interest. But even absent that, the fact that corporate america is going to be Victim #2 almost guarantees a fix.
- hx87 10y ago> sacred cows in this country, particularly housing That sacred cow needs to be slaughtered, the sooner the better, and its flesh distributed.
- harryh 10y agoWhat history is that? The history that has shows the % of seniors living in poverty consistently decrease over time? It's half of what it was 40 years ago.
- eli_gottlieb 10y agoThe history of the human race suggests that "letting" these people live in abject poverty will result in their "letting" a bunch of government buildings explode, whereas paying them the Social Security we owe them will not.
- jessaustin 10y agoOld people are not violent. No violent episode in history was committed by 70yos.