This Gen-X'er says it sure is.
Posted on 04/10/2007 7:21:00 PM PDT by shrinkermd
Ship the poor and infirm to china or vietnam where the can receive decent care at a very low price.
I was born in 1953. My kids were born in 1979, 1984, 1987 and 1990. They are all super conservative or even libertarian. They are against taxes and euthanasia and Social Security, but I wonder how many gen-y-ers will be so sanguine. I’ve always believe Terri Schiavo (and Hugh Finn, Nancy Cruzan and other poor souls) were test cases for the tough times ahead. Gulp!
The better alternative would be to actually fund retirees costs, like a pension fund does, rather than run a ponzi scheme.
We need to start personal accounts and transition SS from a government Ponzi scheme to a private pension system. countries have already done so including the UK and Chile. What we have been witnessing is a massive wealth transfer from the young to the old.
Bah. In my time, a million dollars (or a billion dollars) wouldn't even buy an iPod Nano. Now you can get 10,000 songs on a device you can carry in your pocket.
Only if you are making more than $85K per year (I think that is the current limit). You can live pretty well for even $24K per year in some countries.
Then nobody will get promoted as the oldsters continue to hog the top positions causing depressed wages in the prime earning years of Gen X and less opportunity for Gen Y causing the need for even more labor to be imported.
It's not that simple....
Besides, they already upped the retirement age for Gen X.
Just another communist. The idiocy of people is that they believed if they gave the Feds their money, the Feds would look after them. Remember when Hillary gave that speech and said she could take Exxon's 42 billion dollar profit and do great things with it? She could run the Federal government for one and a half days. If the fifteen percent of income boomers paid into SS had been put in interest bearing accounts, or invested prudently in the stock market, there'd be an even bigger labor shortage than there is now. The Federal government is a bottomless pit of promises and taxes.
SS is a giant Ponzi scheme and anybody who can’t see that is a dunce. The govt. has stolen from me the last 40 years to fund it, so I’m taking early benefits and bleeding SS for all I can get. I am not going to be fool enough to put myself in a position where I depend on SS for my basic needs. If the kids want to riot over taxes, have at it. Hopefully they will lynch the scumbag politicians.
But lots of entrepeneurs make a lot more than $85K per year.
There’s no need for anything that drastic.
Raise the retirement age (including eliminating early retirement) continuously over the next several years and double the earnings limit. That will keep it solvent. Then once that’s done, do some restructuring, like no longer linking the inflation index to the rate increases.
but whatever.....
we are volunteers and we know lots of people our age who volunteer, so I have the expectation that that will be a huge part of our retirement if we ever get there.....
we will not get civil servant type benefits, we already pay huge SS taxes and Medicare and Property and gasoline and every other tax imagined AND income taxes.....
so we pay, we volunteer, we help our kids pretty generously IMO....paying college costs and a wedding and getting first cars, etc....
what the H do people want from us....
you better believe we will take whatever SS benefit there is....we deserve it.
so easy for people on easy street to tell the rest of us to keep working til were 70....
“Still, boomers deserve special disapproval.”
I and the rest of my family, certainly disagree to the utmost with the above quote.
Yes, my last name is Boomers and it is amazing how much we have made the news the last few years. :-)
believe=believed. Sheesh!
This Gen-X'er says it sure is.
I'll never get that chance to spoil my kids like baby boomers, I'll be paying for you instead of my kids.
what the H do people want from us....
It's not my fault your husband sank the nest egg into the company he worked for instead of diversifying it. Why should I have to pay for it? I've been laid off 4 times. It's a different world now.....
you better believe we will take whatever SS benefit there is....we deserve it.
There it is, the entitlement mentality: "We deserve it." No, you deserve to suffer for being improvident dopes.
Oh, no, I’m many, many years from being retired. Chances are, I won’t be able to retire until I’m in my 70’s.
The unfortunate fact is, there are no easy answers to this problem. This is simply making the best of a bad situation. If you think there’s a better way, by all means inform me.
Better thank Congress.
Just think how different the USA would be if the
Founding Fathers had included term limits in the
Constitution.
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