Join Date: Aug 2007
Location: Only British blaady Columbia!!!
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the presumption that the economy 'just always recovers' is based on ignorance mr nightmare. in this instance, the 'recovery' will arise by you not getting any social security! the solution you presume to see, comes from the problem you are complaining about!
the situation is, that due to healthier lifestyles and better medicine, people are living for longer. those who draw pension social security can only do so, due to the pension fund which has been set aside for them.
if everybody lives longer, then they take more, which means there will be none left for you. the money being spent today was probably first added to the fund in the 1920s!
the resolution to this problem is to tax you more, to add more to the pension fund. one way to do this, is to increase the age until which you are allowed to draw a social security cheque. it used to be that men could retire at 60. by the time i am a crusty old fekker, it will be closer to 80.
i get to pay tax into the fund for longer, whilst increasing my chances of dying before i am allowed to withdraw from it. it is a strategy of double effect.
Just coz you don't understand it
Doesn't mean it makes no sense!