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The New DU. Reply #12: There is a huge difference in the situation of the over 70s and the under 70s.
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JDPriestly
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Sun May-15-11 10:55 PM
Response to Reply #8 |
| 12. There is a huge difference in the situation of the over 70s and the under 70s. |
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The under 70s and many around 70 do not have private pensions as generous as those of the slightly older generation. And it is going to get worse.
And so many people 50+ lost their homes to foreclosure in the past few years.
Samuelson is wrong. He should be supporting estate taxes for the very rich.
Cutting Social Security and Medicare benefits will mean that middle class kids do not inherit from their parents who will spend their savings just to live.
Just going to visit their children is an expense that many seniors cannot afford.
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