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Politics : The Trump Presidency -- Ignore unavailable to you. Want to Upgrade?

To: bentway who wrote (6088)	1/13/2017 8:37:38 PM
From: i-node	Read Replies (1) \| Respond to of 364329

>> SS takes care of everybody, because everybody gets old. It's really one of the best things the government does. Yeah, that great sense of shared responsibility of yours. Don't worry, my kids will take care of you if you outlive your dough. Chris, I've been trying to explain this to you for decades and you still don't get it. If you don't get it by now, I just think it may be getting filtered out prior to commitment to long-term-storage. You may just have to live out your life in bliss by not having to worry about it. It is okay.

To: bentway who wrote (6088)	1/13/2017 8:54:52 PM
From: TimF	1 Recommendation Recommended By i-node Read Replies (1) \| Respond to of 364329

So everyone's supposed to get a college degree (with very few having serious income while they get it) and then everyone's supposed to retire at 65 and maybe live to 85 (average life expectancy at 65 is close to this and its going up) You get something like 45 years of your life were your not supporting yourself. I'm really not sure that's very sustainable. Maybe if you want to send a quarter to a third of your income to the feds while you save/invest another quarter to a third, but most people won't do that. People are living longer now. Sure some people can't work at 65, some can't work at 30, but most people aren't disabled at either age. And its not just an issue of savings and government trust fund balances (even if the trust fund was a store of real wealth rather than an accounting entry where the government lends money to itself). No matter how much money you have you need people to produce what all these non-working people are going to consume. Otherwise all the savings represent is a source of demand causing future inflation. It makes all sorts of sense to make the retirement age higher, and would even if it wasn't for the looming entitlement crisis.