the cato institute explains why young people should be pissed off

[OzzyKP]

Originally posted by Q Cubed
of course not. which is why SS is a bad idea(tm).

to be facetious:
there's a reason why it shares the same initials as the SS.

i don't want to pay taxes on this **** at all.

We should start a campaign to link to social security with the term bad idea like the folks who linked to Bush with the term miserable failure. Drive it up in Google rankings

[rah]

Originally posted by el freako
Actually the baby boomers have not paid their share really.

Pay-as-you-go pension systems like the US's social security only work, long-term, if the workforce continues to expand.

As the baby boomers have not had enough children (and in doing so saved themselves the expense of rearing them) to make the system viable in the future then I would say that they bear part of the blame for it's ultimate failure (although the rise in life expectancy doesn't help)

That's a silly arguement. Using that type of logic, you could just as easily blame the generation prior for having too many kids, and not dieing off fast enough. It's the system itself which is to blame, not it's particpants.

I have and will continue to pay my more than my fair share.

[el freako]

Originally posted by rah

That's a silly arguement. Using that type of logic, you could just as easily blame the generation prior for having too many kids, and not dieing off fast enough

Now that's a silly argument if ever I heard one.

You might as well say that it's not your fault as a worker that the company is going bust because the standards were set by people who had higher productivity (for which read had more children) and demanded lower wages (for which read dying earlier).
You say our generation is not to blame because we behaved differently than our parents - and yet we expect the same benefit from a system that only really worked under their behaviour.

Sadly, you are typical of our generation, you complain that we should get the benefit of a system that has been broken by our changes behaviour.
Us boomers need to face up to the consequences of our actions.

[Q Classic]

We should start a campaign to link to social security with the term bad idea like the folks who linked to Bush with the term miserable failure. Drive it up in Google rankings

i like that idea. it's a good idea, as opposed to a bad idea.

[chequita guevara]

I don't suppose any of you remember what life was like for seniors before social security was instituted. Of course you don't, because with very few exceptions, no of us were alive then. At that time, the single largest group of poor people were the elderly. SS is one of the most successful programs in history in ending poverty.

What the hell is wrong with conservatives!?! If something doesn't work, you want to get rid of it. If something works, you want to get rid of it.

[chequita guevara]

Increasing the population is not necessaryto maintain the vialbity of SS. All that needs to increase is productivity.

[Q Classic]

che, maybe you're comfortable with the idea of paying 322k for absolutely nothing.

mayebe you're comfortable with the idea of letting your parents have the government take care of them.

simply put, i'm not.

i don't trust the government to teach people correctly, manage money correctly, and because of that i refuse to let them have any say in how my mother spends her retirement. social security can go **** itself for all i care, because all it is is a massive ****-the-young program.

322k is a nice house. or a nice condo. or a few nice cars. or a few great servers. or plenty of great workstations. it's ridiculous.

[Q Classic]

american productivity is higher than it ever has been in the past, and yet, the crisis merely worsens.

somehow, i don't think increasing productivity will solve everything.

somehow, i also don't think you'll be able to convince companies to pay more.

[chequita guevara]

The crisis only exists because the government has been borrowing from SS for decades without putting anything back. It's a conservative lie, like so many others.

[Q Classic]

do you honestly think anybody in congress has enough balls to put the money back?

didn't think so.

which is why the young are still ****ed.

[Kidlicious]

Originally posted by el freako


Now that's a silly argument if ever I heard one.

You might as well say that it's not your fault as a worker that the company is going bust because the standards were set by people who had higher productivity (for which read had more children) and demanded lower wages (for which read dying earlier).
You say our generation is not to blame because we behaved differently than our parents - and yet we expect the same benefit from a system that only really worked under their behaviour.

Sadly, you are typical of our generation, you complain that we should get the benefit of a system that has been broken by our changes behaviour.
Us boomers need to face up to the consequences of our actions.

You make a good argument el freako. Having children was an individual cost for the boomers. But having so little was a social cost, because of the SS system. The boomers benefited from having relatively little children, and they will benefit from a system that transfers that social cost to their children.

[Japher]

All I know is that I will never see a penny of that SS money, it is only being STOLEN from me so that old people don't start roaming the streets and smelling up the place; and that's worth it.

I am investing as much as I can now so that I can enjoy my future. I am also lucky in that if I work for my company for at least 10 years I get a nice pension, on top of my 401k, and I can keep my health insurance for as long as I live (no Spider, just pay the flat monthly of whatever it is when I leave)... I like that

[el freako]

Productivity increases (for which read real wage increases as, long-term the one is pretty equal to the other) would only 'save' the pension system if the benefits were linked to prices.

As they are linked to earnings (except in my native Britian) increased productivity has zero net effect on the government-funded pensions crisis (which will also not happen in my native Britian).

[Q Classic]

to be fair, not everything wrong with the world today is the fault of baby boomers.

for one, spam isn't all their fault.

[Kidlicious]

Originally posted by chegitz guevara
The crisis only exists because the government has been borrowing from SS for decades without putting anything back. It's a conservative lie, like so many others.

"Borrowing" is not really a good term. The money has been used productively instead of not used, and not benefited from.