This is such a bad idea I don’t even know where to begin. Given the cost of raising children, seems like adding more taxes will only exacerbate the already low birth rate.
Except for all those Muslims on the dole, that is.
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I love it when the kids get to play with daddy's computer...they write the funniest things.
World War II is over. The Nazis won.
Don't worry, the Obamacare death panels will take of that problem so you cellar dwellers won't be unnecessarily burdened by those useless swarms of geezers.
Gotta love it. The Baby Boomers WIPE OUT the solvency of their own countries with massive debt, and then start going after anything that moves to pay their retirement.
Don’t be surprised if there’s an age-war in this country - as my kids DO NOT appreciate the $100,000 or so debt hanging around their necks, already.
I predicted this many posts ago.
Their version of Phony-Care,
Federal Forced Labor Camp.
Obamacare has a solution for that - IPAB.
They’ll just off the old geezers to reduce the “burden” on the healthcare system.
And you thought all that .40 was just for us?
If they are seeing a decline in population it is due to their own policies of abortion and the destruction of the family and morality. Let them pay the price for their evil as a warning to future and current generations.
Socialism is the idea that we can live at the expense of others. I hope all the young socialists are just elated at their opportunity to help older socialists enjoy their free nursing home care and vacations in Greece.
“I’m old.....Gimme Gimme Gimme” - Abe Simpson.
This is a complete non problem. After the coming war in Europe, no one will even remember the question was raised.
If there is to be a return to common sense, without screwing over a huge number of people, government will indeed have to “take the hit”. But importantly, *not* the people, via the government, but the government itself.
For example, in the US, Social Security was a nasty effort to create a universal retirement system. A truly bad idea, that might have worked for a limited part of the population who paid their own way: minimum wage workers with no other form of retirement. That’s it.
But adding other people to it, and using it as a “loot as you go” cash cow for unrelated spending, guaranteed it would fail. So how do we get rid of this monster without screwing the people who paid into it?
The answer is, “with a better deal”.
Right now, income taxes are also an unwieldy monster, full of exemptions and other crapola that require accountants. But if the vast majority of those exemptions were canceled, and re-offered in exchange for *not* taking Social Security checks, it would be a much better deal for many, and it would restore order to a much downgraded SS system.
Proposals that there be a “means test” were killed dead because it was inherently unfair. People who paid into the system would get shafted.
But if people who still had income had a choice between getting their SS check, *or* saving even more money through tax exemptions worth more than their SS check, many would wisely vie for the exemptions. And it would be *their* choice. Many would not choose this, because they really needed their SS money.
So a minimum number of people get screwed in the deal.
And while this would cause a big drop in tax revenues for the government, this could be made up for both with government austerity of *their* spending, *and* the improvement to the economy of more cash floating around for consumers to spend or invest.
Soon the program would be expanded to include the people still working who are not getting SS. Instead of going to SS, their money would go to an IRA, but with added tax benefits. Still a better deal for them.
Finally, those just starting out, except minimum wage employees, would never start paying into the SS system in the first place. The end result would be an SS system at a tenth of its current size.
Yes. I am a baby-boomer, but have to say that I have always detested this demographic as a group. High maintenance, low benefit, scant contributions of any positive accomplishments. Dependants first on their parents, and now on their latch-key kids. It is my intention to live to 120 just to make sure they are all dead when I go.