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Instead of having a thousand tiny pension corps we could just... have one big one. Some kind of Social Security system, perhaps. And yeah social security is r
by paulmd 4y ago
Instead of having a thousand tiny pension corps we could just... have one big one. Some kind of Social Security system, perhaps.
And yeah social security is running a deficit and will have to reduce payments by a whole 25% or 30% in another 20 years... unless we just remove the payment caps. Wow.
Like at the end of the day the resources are present in american society to take care of the elderly in retirement. We are not physically running out of green bean casserole. It's just a question of allocation. At the end of the day the money needs to be allocated and just like day 1 of the social security program, there's going to be a lot of people who don't have time to pay into a system before drawing out. The resources will need to be allocated to pay for the wageslavery of the last 30 years.
Boomers are going to get theirs regardless, they will make sure of that, but, they're intent on pulling the ladder up behind them like they've done on every other major social issue.
Boomers don't care if Xers or Millenials don't have anything saved up, they got theirs and they got social security on top. But if things don't change, there's gonna be an awful lot of starving grandparents again when X and Millenials hit retirement, cause we don't and they're making sure we won't have social security either.
- 88913527 4y agoSocial Security was introduced as a solution to the problem of economic security for the elderly. If we fail to meet this goal, and people see the consequences of the failure, it would likely be a bad look for politicians; public support for the program will rise, and the program will be reformed.