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Rich CEOs Call For Raising Retirement Age To 70, Medicare & Social Security...

DaltheJigsawDaltheJigsaw Mountain View Veteran
edited January 2013 in General Banter


I knew this was coming, and I am not surprised. What is everyone's thoughts?

Comments

  • BhikkhuJayasaraBhikkhuJayasara Bhikkhu Veteran
    edited January 2013
    I'm for it as well.. actually I'm for getting rid of medicare and social security. This would of course also require a more libertarian way of life in which there are no income taxes( there were no such things as income tax in america until 1913) very low property taxes so that people can keep their money and provide their own retirement.

    that being said... there is a reason why most private companies got rid of benefits and pensions... it just costs way way too much to continue. You see them still in government simply because of the amount of money that governments take in and nobody holding government accountable.

    The higher the age the more money saved.. but you can raise it to age 90 and it wont matter, our money will still be wasted down the tubes.
    DaltheJigsaw
  • ugh. The SS shortfall can easily be solved by having the rich pay the SS tax on their full income, like us grunts. They only have to pay up to a certain income level, then after that, they get off scott-free. There's no need to deprive people who have paid into the system all their lives. The gov't could also cut back on the level of SS benefit that the rich receive. I know people who comment that they don't need their SS check at all, but as long as the gov't sends it to them, they'll take it. Such people wouldn't even notice if there was a cutback in what they receive. Why make those who do desperately need it suffer cutbacks?

    And if SS is pushed back to 70 years of age, what are all the laid-off older workers supposed to do between age 55, or whenever they get canned to make room for younger, cheaper workers, and age 70? How are they supposed to live, if there's no incentive provided for businesses to hire older workers? Nobody ever thinks this stuff through.

    Cutting medicare isn't feasible either. Medicare is going to get cut simply by virtue of the fact that costs will be ever increasing, the pool of claimants will be growing as the Baby Boomers retire, but unless the tax basis increases, there will be a shrinking kitty from which to pay for everything, due to inflation. The best way to solve the problem is to stimulate the economy, get people back to work and paying taxes, so that everyone prospers, including the gov't.

    ugh. Such a cop-out, these cutbacks. Just a scheme to let the wealthy keep more of the pie.
    JeffreyDaltheJigsaw
  • Leon, you're so good at finding videos, why don't you find one that presents the opposite point of view from the one you posted? There've gotta be good, sensible proposals out there...

    See if Paul Krugman has anything on youtube.
  • They could hire me somewhere shoveling snow or some such. Then I wouldn't need to be on SSI as much. There just isn't a channel to put mentally ill people to work. I have a handicap sure. But if I am given a task that I can handle I'd love to work. I volunteer but the jobs market job search makes me so stressed. Then I get worse symptoms and can't work.

    end rant.

    But yeah I could be working or volunteering with more support FROM the employer rather than have me compete with mentally healthy.
  • DakiniDakini Veteran
    edited January 2013
    @Jeffrey, have you ever looked into those envelope-stuffing businesses, that send you everything in the mail, and you work from home? I've always wondered what those are like. It seems like a great job for people who are disabled even temporarily, like with illness that takes awhile to resolve.
  • @Dakini I've done a lot of fixing of mailings to go out. But I have never heard of a company that sends it to your house.

    I'm really good at 'boring' things because I can just do them for hours like a meditation.
  • Yeah, sometimes the boring tasks are restful, in their own way.

    If you look at employment opp'ties in the free weekly newspaper in your area (if there is one), or in a university newspaper, there will be listings by companies that send all the stuff to your house. I've heard that sometimes the material is kind of icky (porn, or something), but I don't know if that's true of all of 'em.
  • what about the people who have very labor intensive jobs ie construction workers ive talked to people who own house building buisinesses and at like 50 years old they all say that their backs are destroyed and that the job is horrible and to never get into the buisiness
  • vinlynvinlyn Colorado...for now Veteran
    Jayantha said:

    ...

    The higher the age the more money saved.. but you can raise it to age 90 and it wont matter, our money will still be wasted down the tubes.

    Gee thanks. I'm on social security. And I've yet to earn back the money that I invested in it. So it's not money down the tubes; it's my money.

  • vinlynvinlyn Colorado...for now Veteran
    Dakini said:

    ...

    And if SS is pushed back to 70 years of age, what are all the laid-off older workers supposed to do between age 55, or whenever they get canned to make room for younger, cheaper workers, and age 70? How are they supposed to live, if there's no incentive provided for businesses to hire older workers? Nobody ever thinks this stuff through.

    ...

    Very good point, Dakini. Let's see, the unemployment rate in Colorado is 7.8%, now add in all those workers between 65-70...oh, @Jaynatha, your plan increases unemployment. Oh, you must be a Republican.

    Dakini
  • JasonJason God Emperor Arrakis Moderator
    What they should do instead is raise or remove the cap on taxable wages, reduce the average hours of labour time required of people, and raise wages. This will not only help to stabilize Social Security, but it'll also help reduce unemployment and give people more time to enjoy life.
  • ZaylZayl Veteran
    Pretty soon man, pretty soon. Someone is going to call for a revolution. If things keep up like this, somewhere, at some time, something is going to snap. And all hell will break loose.
    DaltheJigsaw
  • BhikkhuJayasaraBhikkhuJayasara Bhikkhu Veteran
    vinlyn said:

    Jayantha said:

    ...

    The higher the age the more money saved.. but you can raise it to age 90 and it wont matter, our money will still be wasted down the tubes.

    Gee thanks. I'm on social security. And I've yet to earn back the money that I invested in it. So it's not money down the tubes; it's my money.

    well its OUR money.. and wouldn't you of rather kept the money( and most of the money ever taxed on you) to setup your own retirement ?:)
  • vinlynvinlyn Colorado...for now Veteran
    Jayantha said:

    vinlyn said:

    Jayantha said:

    ...

    The higher the age the more money saved.. but you can raise it to age 90 and it wont matter, our money will still be wasted down the tubes.

    Gee thanks. I'm on social security. And I've yet to earn back the money that I invested in it. So it's not money down the tubes; it's my money.

    well its OUR money.. and wouldn't you of rather kept the money( and most of the money ever taxed on you) to setup your own retirement ?:)
    No. For 3 reasons.

    First, I believe we are a nation that exists "for the common good".

    Second, what happened to those people that had the kind of retirement plans you are talking about when the stocks plummeted. Some lost more than half of their retirement savings. Social security really is nothing more than a common insurance pool.

    Third, young people don't save when they are young. With SS, they are forced to save for their own good.

  • DaltheJigsawDaltheJigsaw Mountain View Veteran
    Jayantha said:

    I'm for it as well.. actually I'm for getting rid of medicare and social security. This would of course also require a more libertarian way of life in which there are no income taxes( there were no such things as income tax in america until 1913) very low property taxes so that people can keep their money and provide their own retirement.

    that being said... there is a reason why most private companies got rid of benefits and pensions... it just costs way way too much to continue. You see them still in government simply because of the amount of money that governments take in and nobody holding government accountable.

    The higher the age the more money saved.. but you can raise it to age 90 and it wont matter, our money will still be wasted down the tubes.

    So what you saying is our future is bleak and scary!!
  • DaltheJigsawDaltheJigsaw Mountain View Veteran
    Dakini said:

    ugh. The SS shortfall can easily be solved by having the rich pay the SS tax on their full income, like us grunts. They only have to pay up to a certain income level, then after that, they get off scott-free. There's no need to deprive people who have paid into the system all their lives. The gov't could also cut back on the level of SS benefit that the rich receive. I know people who comment that they don't need their SS check at all, but as long as the gov't sends it to them, they'll take it. Such people wouldn't even notice if there was a cutback in what they receive. Why make those who do desperately need it suffer cutbacks?

    And if SS is pushed back to 70 years of age, what are all the laid-off older workers supposed to do between age 55, or whenever they get canned to make room for younger, cheaper workers, and age 70? How are they supposed to live, if there's no incentive provided for businesses to hire older workers? Nobody ever thinks this stuff through.

    Cutting medicare isn't feasible either. Medicare is going to get cut simply by virtue of the fact that costs will be ever increasing, the pool of claimants will be growing as the Baby Boomers retire, but unless the tax basis increases, there will be a shrinking kitty from which to pay for everything, due to inflation. The best way to solve the problem is to stimulate the economy, get people back to work and paying taxes, so that everyone prospers, including the gov't.

    ugh. Such a cop-out, these cutbacks. Just a scheme to let the wealthy keep more of the pie.

    Great questions! Scary times! And I am about to be 28 and I am already thinking about my retirement!! LOL!
  • DaltheJigsawDaltheJigsaw Mountain View Veteran
    Dakini said:

    Leon, you're so good at finding videos, why don't you find one that presents the opposite point of view from the one you posted? There've gotta be good, sensible proposals out there...

    See if Paul Krugman has anything on youtube.

    I will see what I can do!:) But in the meantime, do you see any good recommendations on the right hand side of the this video? This is when you are playing the video on Youtube? There should be recommendations, and perhaps they might offer an opposite view point.
  • DaltheJigsawDaltheJigsaw Mountain View Veteran
    Jeffrey said:

    They could hire me somewhere shoveling snow or some such. Then I wouldn't need to be on SSI as much. There just isn't a channel to put mentally ill people to work. I have a handicap sure. But if I am given a task that I can handle I'd love to work. I volunteer but the jobs market job search makes me so stressed. Then I get worse symptoms and can't work.

    end rant.

    But yeah I could be working or volunteering with more support FROM the employer rather than have me compete with mentally healthy.

    What about work at home jobs?

    Here are a few links to get you started:

    http://jobsearch.about.com/od/workfromhome/a/workathomejobs.htm
    http://www.forbes.com/sites/jennagoudreau/2011/09/27/the-best-paying-work-at-home-jobs/

    http://www.bankrate.com/finance/personal-finance/10-best-and-real-work-at-home-jobs-1.aspx
  • DaltheJigsawDaltheJigsaw Mountain View Veteran
    blu3ree said:

    what about the people who have very labor intensive jobs ie construction workers ive talked to people who own house building buisinesses and at like 50 years old they all say that their backs are destroyed and that the job is horrible and to never get into the buisiness

    Great points! Scary:( Trying to brainstorm of ways we can prevent this? What about the opposite? Why not lower it to 55 years of age and see where that takes us!:)
  • DaltheJigsawDaltheJigsaw Mountain View Veteran
    Zayl said:

    Pretty soon man, pretty soon. Someone is going to call for a revolution. If things keep up like this, somewhere, at some time, something is going to snap. And all hell will break loose.


    I won't say I hope for this, but it's definitely going to be "concerning," times ahead of us.
  • DaltheJigsawDaltheJigsaw Mountain View Veteran
  • BhikkhuJayasaraBhikkhuJayasara Bhikkhu Veteran
    vinlyn said:

    Jayantha said:

    vinlyn said:

    Jayantha said:

    ...

    The higher the age the more money saved.. but you can raise it to age 90 and it wont matter, our money will still be wasted down the tubes.

    Gee thanks. I'm on social security. And I've yet to earn back the money that I invested in it. So it's not money down the tubes; it's my money.

    well its OUR money.. and wouldn't you of rather kept the money( and most of the money ever taxed on you) to setup your own retirement ?:)
    No. For 3 reasons.

    First, I believe we are a nation that exists "for the common good".

    Second, what happened to those people that had the kind of retirement plans you are talking about when the stocks plummeted. Some lost more than half of their retirement savings. Social security really is nothing more than a common insurance pool.

    Third, young people don't save when they are young. With SS, they are forced to save for their own good.

    I dunno I have more faith in people then that..

    1. There is nothing in the constitution that talks about "common good" other then in protection of natural rights ie life, liberty, and the pursuit of happiness(so long as this does not infringe on the same rights of others". )

    2. diversification...when your eggs are not all in one basket you don't loose all your eggs. Also.. my god who can live on SS? everyone I know( parents, in-laws,neighbors) who collects SS has either continues to work or has other savings and pensions. It's more of a supplemental thing then a sole means of support.

    3. I don't believe in forcing people to do anything "for their own good" because thats well.. force. People need to take responsibility for their own future and if they don't they reap the consequences.
  • BhikkhuJayasaraBhikkhuJayasara Bhikkhu Veteran
    LeonBasin said:

    Jayantha said:

    I'm for it as well.. actually I'm for getting rid of medicare and social security. This would of course also require a more libertarian way of life in which there are no income taxes( there were no such things as income tax in america until 1913) very low property taxes so that people can keep their money and provide their own retirement.

    that being said... there is a reason why most private companies got rid of benefits and pensions... it just costs way way too much to continue. You see them still in government simply because of the amount of money that governments take in and nobody holding government accountable.

    The higher the age the more money saved.. but you can raise it to age 90 and it wont matter, our money will still be wasted down the tubes.

    So what you saying is our future is bleak and scary!!

    in a way yes.. larger government and more control of us and force put upon us.. the worse off our lot becomes even if we think we are getting "help" like SS. I do see a better life for all people when there is less government and more freedom, but this view appears counter intuitive to many people's perceptions these days.
  • DaltheJigsawDaltheJigsaw Mountain View Veteran
    edited January 2013
    Jayantha said:

    LeonBasin said:

    Jayantha said:

    I'm for it as well.. actually I'm for getting rid of medicare and social security. This would of course also require a more libertarian way of life in which there are no income taxes( there were no such things as income tax in america until 1913) very low property taxes so that people can keep their money and provide their own retirement.

    that being said... there is a reason why most private companies got rid of benefits and pensions... it just costs way way too much to continue. You see them still in government simply because of the amount of money that governments take in and nobody holding government accountable.

    The higher the age the more money saved.. but you can raise it to age 90 and it wont matter, our money will still be wasted down the tubes.

    So what you saying is our future is bleak and scary!!
    In a way yes.. larger government and more control of us and force put upon us.. the worse off our lot becomes even if we think we are getting "help" like SS. I do see a better life for all people when there is less government and more freedom, but this view appears counter intuitive to many people's perceptions these days.




    </blockquote


    I do realize what you are saying. Yes, it is great to have government, but at the same time, too much government/regulations is a bad ordeal. It is great to have smaller governments per a city, or a state. And correct, the regulations, policies, laws, rules and technology is playing a hefty control on many citizens. Things can surely change we can come out on top, but it might be too late, or perhaps this is only a beginning?


  • JasonJason God Emperor Arrakis Moderator
    edited January 2013
    Jayantha said:

    1. There is nothing in the constitution that talks about "common good" other then in protection of natural rights ie life, liberty, and the pursuit of happiness(so long as this does not infringe on the same rights of others". )

    No, but in the Preamble it does talk about promoting the "general Welfare," as well as in Article I, Section 8, where it states that "Congress shall have Power To lay and collect Taxes, Duties, Imposts and Excises, to pay the Debts and provide for the common Defence and general Welfare of the United States." I think one could make a reasonable argument that common good = general welfare in this context.
    MaryAnne
  • Jayantha said:



    in a way yes.. larger government and more control of us and force put upon us.

    Larger gov't means more jobs for us. :)

  • vinlynvinlyn Colorado...for now Veteran
    edited January 2013
    Jayantha said:



    I dunno I have more faith in people then that..

    1. There is nothing in the constitution that talks about "common good" other then in protection of natural rights ie life, liberty, and the pursuit of happiness(so long as this does not infringe on the same rights of others". )

    2. diversification...when your eggs are not all in one basket you don't loose all your eggs. Also.. my god who can live on SS? everyone I know( parents, in-laws,neighbors) who collects SS has either continues to work or has other savings and pensions. It's more of a supplemental thing then a sole means of support.

    3. I don't believe in forcing people to do anything "for their own good" because thats well.. force. People need to take responsibility for their own future and if they don't they reap the consequences.

    1.) I didn't mention the Constitution. You did. But what the Constitution does say (since you brought it up) is "promote the general Welfare".

    2.) Yes, of course. No argument there.

    3.) Then we would have few roads, no public schools, little infrastructure, and...well, you get the point.

    I really do suggest that you hop on over to Thailand and enjoy the third world. Oh wait...they have lots of governmental paid for infrastructure, government funded schools, and national health care in Thailand. Perhaps you'll be better off in Sri Lanka.



  • CinorjerCinorjer Veteran
    edited January 2013
    Of course rich CEOs love to peach about how we should stop caring about and spending tax dollars on anyone but them and their rich CEO class of people. The entire premise in this case is based on a statistical lie, but that doesn't matter. The lie has been pointed out but people ignore it because they're too invested in their own selfish point of view. The lie is that people are living longer now. No, people die at about the same age they always did. It's just that more babies and children are now surviving and that makes the statistic seem to be saying what it isn't.

    These CEOs are surrounded by employees and suckups every day, who are devoted to stroking the man's ego. He believes that he has some special intelligence or talent for knowing how to run things when many times the company is lucky to survive in spite of his crappy decisions. He's there because someone has to have the authority to make a decision in the end and sign the paper.

    This same CEO, how many 67 or 69 year old people is his company currently employing or will hire if they show up with a resume? None, unless you count a few suits who spend their days shaking hands and playing golf with their business buddies. His HR department looks for ways to keep their employee young because that keeps their health care costs down. See, supplying old people with a living wage isn't his concern or job. It's making money. A good CEO is a sociopath. The rest of the world can starve far as he's concerned. Just don't screw with his million dollar bonus. And people actually listen to advice like this CEO is giving like it means anything.
    DaltheJigsawvinlynMaryAnne
  • BhikkhuJayasaraBhikkhuJayasara Bhikkhu Veteran
    vinlyn said:

    Jayantha said:



    I dunno I have more faith in people then that..

    1. There is nothing in the constitution that talks about "common good" other then in protection of natural rights ie life, liberty, and the pursuit of happiness(so long as this does not infringe on the same rights of others". )

    2. diversification...when your eggs are not all in one basket you don't loose all your eggs. Also.. my god who can live on SS? everyone I know( parents, in-laws,neighbors) who collects SS has either continues to work or has other savings and pensions. It's more of a supplemental thing then a sole means of support.

    3. I don't believe in forcing people to do anything "for their own good" because thats well.. force. People need to take responsibility for their own future and if they don't they reap the consequences.

    1.) I didn't mention the Constitution. You did. But what the Constitution does say (since you brought it up) is "promote the general Welfare".

    2.) Yes, of course. No argument there.

    3.) Then we would have few roads, no public schools, little infrastructure, and...well, you get the point.

    I really do suggest that you hop on over to Thailand and enjoy the third world. Oh wait...they have lots of governmental paid for infrastructure, government funded schools, and national health care in Thailand. Perhaps you'll be better off in Sri Lanka.



    I will say one thing regarding the promote the general welfare part. What your interpretation of that statement means is probably quite different then my interpretation and both of ours are probably different then what the founders who wrote that statement may of meant.

    From that I will bow out of this post. I should of learned my lesson from the shooting post not to get involved in disputation over silly topics other then dhamma, but when I see the whole mindset of " omg look at these evil rich CEOs" , especially on a Buddhist website.. My ego just has to post.

    On a place like this forum( or a right wing forum or a left wing forum) where most hold the same views.. People are in danger of feeling that just because a lot of people agree with them they must be in the right. A danger I will thankfully never have to worry about here, keeps me on my toes and always analyzing my perception and intention.
  • vinlynvinlyn Colorado...for now Veteran
    Jayantha said:


    I will say one thing regarding the promote the general welfare part. What your interpretation of that statement means is probably quite different then my interpretation and both of ours are probably different then what the founders who wrote that statement may of meant....

    This is a common conservative misunderstanding of history. They treat the "founding fathers" as one group of men who had consistent opinions. Nothing could be further from the truth. The founding fathers argued and debated and in some cases hated each other over various concepts covered in the Constitution...and in one case even dueled.

  • Whatever one's political philosophy may be, I would think that all could agree that it only makes sense that budgets shouldn't be balanced on the backs of the poor and needy.
    vinlynDaltheJigsawCinorjerMaryAnne
  • JasonJason God Emperor Arrakis Moderator
    Jayantha said:

    I will say one thing regarding the promote the general welfare part. What your interpretation of that statement means is probably quite different then my interpretation and both of ours are probably different then what the founders who wrote that statement may of meant.

    From that I will bow out of this post. I should of learned my lesson from the shooting post not to get involved in disputation over silly topics other then dhamma, but when I see the whole mindset of " omg look at these evil rich CEOs" , especially on a Buddhist website.. My ego just has to post.

    On a place like this forum( or a right wing forum or a left wing forum) where most hold the same views.. People are in danger of feeling that just because a lot of people agree with them they must be in the right. A danger I will thankfully never have to worry about here, keeps me on my toes and always analyzing my perception and intention.


    Of course there will be disagreements about interpretations when it comes to these kinds of things, that's the nature of politics. Some, for example, would say that we should stick as close as possible to the Founders' original intentions (which itself is difficult since many disagreed themselves about such issues). I, on the other, think that we need to think well-beyond their original intent since that intent was so limited and set within a context that in many ways no longer applicable today. For example, the initial set up framed in the Constitution was almost exclusively designed for, and applied to, the interests of white, male property owners.

    Personally, I agree with the idea that we each share some amount of personal responsibility for our own lives, and that we should be able to reap the fruits of our labour with as much freedom from state and capital as possible. I also agree that there's still a lot about Enlightenment-era ideas to be admired, as well as early American history. But I also think that, as a society, we have a collective responsibility to one another as well, that we should also work together in the spirit of social cooperation, helping each other along the way in support of the general welfare of all. I think Edward Bellamy summarizes this idea quite well in his 1887 novel, Looking Backward, with the passage:
    "Who is capable of self-support?" he demanded. "There is no such thing in a civilized society as self-support. In a state of society so barbarous as not even to know family cooperation, each individual may possibly support himself, though even then for a part of his life only; but from the moment that men begin to live together, and constitute even the rudest sort of society, self-support becomes impossible. As men grow more civilized, and the subdivision of occupations and services is carried out, a complex mutual dependence becomes the universal rule. Every man, however solitary may seem his occupation, is a member of a vast industrial partnership, as large as the nation, as large as humanity. The necessity of mutual dependence should imply the duty and guarantee of mutual support; and that it did not in your day constituted the essential cruelty and unreason of your system."
    And it's this particular point of view that helps influence my own opinions and political leanings. That doesn't mean, however, that I don't respect the opinions and leanings of others, nor does it mean that I don't take the time to consider them against my own. So while you may not wish to engage with others about political issues because the majority may disagree with you and/or you feel the discussions to be counterproductive, just know that some of us also benefit from these kinds of exchanges. The way I see it, it's always good to hear opposing viewpoints and see things from different perspectives. These are important issues that affect everyone.
    vinlyn
  • blu3reeblu3ree Veteran
    edited January 2013
    LeonBasin said:

    Zayl said:

    Pretty soon man, pretty soon. Someone is going to call for a revolution. If things keep up like this, somewhere, at some time, something is going to snap. And all hell will break loose.


    "I won't say I hope for this, but it's definitely going to be "concerning," times ahead of us." leonbasin

    i would embrace a peaceful anarchy in which government doesnt exist except in ourselves striving for a pure consciousness and a world free of defilements. in a new world where only positive karma can be accumulated.
  • CinorjerCinorjer Veteran
    edited January 2013
    Nobody can point to one day, month, or even year and say, "This is when the Roman Empire ended." Centuries from now, nobody will be able to point to one year or event and say, "Here's where the great Global Civilization of the twentieth and twenty-first century built on fossil fuels ended." Scholarly papers that nobody will read will be written about it.

    Some will point to obvious external factors. The environment. The ignored cost of digging up and burning all that fuel and dumping all that waste into the ecosystem is accumulating and now coming due. We simply don't know every detail of what global warming will do to our world, but we know it's not good. Certainly the huge fields of grain that we count on are going to be hit by massive drought. The seas are being raped for every bit of protein while we talk about "growing" meat in big tanks of slime. And who will control the food supply then? The big companies with the patents.

    Perhaps it's the runaway disparity between the haves and have nots. In the great recession even now going on, the rich only get richer every year. A few people have now accumulated more wealth than most nations and a few companies control the resources needed by the entire world while more and more people slide into poverty. That is not healthy and in fact is a fatal disease for any society, but it's too late to reverse. If one nation tries to even slow it down, the ultrarich or multinational company just moves to a different nation.

    So is this gloom and doom? I suppose your milage varies, but everything I see points to this is how civilizations eventually end. Every problem can be fixed or at least compensated for, but it won't be fixed. Why? Because people are stupid. They were stupid in the days of the Roman Empire, and I don't see them getting any smarter.

    MaryAnne
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