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BWdem4life

(1,789 posts)
Sun Sep 3, 2023, 08:36 PM Sep 2023

SS should definitely be reduced for younger generations

We haven’t screwed them over nearly enough yet with student loans and environmental disaster. Not to mention healthcare and housing costs. No, we need to REALLY twist the screws and make Social Security pay out less (even though it will already be lower because they earn less compared to inflation), and make it start later in life (even though life expectancy is actually going DOWN for them, so they already have less chance of collecting).

In case you didn’t catch it, the subject line was

14 replies = new reply since forum marked as read
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roamer65

(36,752 posts)
2. Mine isn't sarcasm...sadly.
Sun Sep 3, 2023, 08:49 PM
Sep 2023

We are going to see reduction in benefits via inflation.

The Federal Reserve is simply going to create the dollars out of thin air to pay the benefits, unless we increase taxes.

magicarpet

(14,613 posts)
6. Don't forget the $32 trillion deficit we dumped in the laps of the younger ones coming up.
Sun Sep 3, 2023, 09:16 PM
Sep 2023

The super rich and rich get a free ride on obscenely low taxes for decades upon decades and then the younger ones get stuck picking up their tabs.

jimfields33

(16,542 posts)
10. That's over. President Biden has put a 15 percent income taxes on all businesses
Sun Sep 3, 2023, 09:39 PM
Sep 2023

regardless of dedications and other reductions. That should put our measly 5 trillion to 8 trillion next year.

Lunabell

(6,184 posts)
8. Hey I know!
Sun Sep 3, 2023, 09:31 PM
Sep 2023

Let's raise the retirement age to 99! Those lazy 75 year olds can just go work at wallyworld!!

Snarkoleptic

(6,003 posts)
9. I was bemused to see articles bemoaning the fact that Gen-Z'ers
Sun Sep 3, 2023, 09:33 PM
Sep 2023

weren't buying diamonds, houses, etc.

This while many had been choking on student loans, low wages, high rents, etc.
Glad to see Biden is turning the economy around to lift all boats.

Midnight Writer

(22,029 posts)
13. We'll just privatize it. Banks will get a 30% cut for administering it, and
Mon Sep 4, 2023, 03:25 AM
Sep 2023

brokerages will get a 30% slice for investing the money, and the government will tax the earnings at 20%.

I know that makes it sound like the beneficiaries of the program are getting screwed, but that's not the case. Eventually all that extra money in the private sector will "trickle down" on them.

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