What will we do about the looming retirement crisis?

[MyTeamIsOnTheFloor]

Agreed. I think we’re long past any “good” solutions and have entered the time period where two choices remain, the foolish (as you note re: the Fed) or the tragic.

Old people are killing this country financially. And everything we do relative to medical research involves people living longer than they could before.

Additionally we’re introducing efficiency/productivity transforming technologies like AI which will shrink the workforce while we’re raising retirement ages. Now young people can’t get into the market or have to do it at a substantially reduced income from the forebears.

I literally can’t conceive an approach which doesn’t radically transform our way of life and government. We tend not to think of the ramifications of this progress and what it means for humanity. At some point we just don’t need all these damn people around because there’s no work for them to do.

Will we see a population decline begin in our lifetimes? The rate of increase is slowing but will it go negative in the next 20 years or so?

Don't forget that I had money taken from every paycheck and given to the government. Until I receive that money back, and my lost earnings on that money, I think I deserve every penny.

Maybe Fauci can fund another ChiCom research effort that will kill off a few more million old folks? Save you youngsters some tax increases?

 

[76-1]

Agreed. I think we’re long past any “good” solutions and have entered the time period where two choices remain, the foolish (as you note re: the Fed) or the tragic.

Old people are killing this country financially. And everything we do relative to medical research involves people living longer than they could before.

Additionally we’re introducing efficiency/productivity transforming technologies like AI which will shrink the workforce while we’re raising retirement ages. Now young people can’t get into the market or have to do it at a substantially reduced income from the forebears.

I literally can’t conceive an approach which doesn’t radically transform our way of life and government. We tend not to think of the ramifications of this progress and what it means for humanity. At some point we just don’t need all these damn people around because there’s no work for them to do.

Will we see a population decline begin in our lifetimes? The rate of increase is slowing but will it go negative in the next 20 years or so?

We're dying as fast as we can... Some of us are just tougher to kill than others... Sorry...

 

[twenty02]

Current jobs, yes. I agree with that.

But I don’t think we’re likely to see labor writ large idled nearly to the extent that people fear. We’re a pretty nimble species.

Whoa man. I really disagree.

We're going into an era that's going to be dominated by tech, specifically AI.

Outside of physically building stuff, there won't be a future employment structure for most of the white collar jobs that exist today. The have and have not are going to greatly widen. Trading daily labor for wages will be considered archaic

You either have capital or not. Those that do will get very rich. Those that don't are going to be continuing to fight for less and less scraps.

There's no special sauce about America. We had massive advantages that resulted from the outcome of WW2. An industrial base that's the wasn't destroyed, etc.... We've lived off of that a long time. That's coming to an end

 

[bailey777]

Of course they won't. Can't raise taxes. Even when they should.

Why should they thats not even a high income for a family its middle class, Your politics make sense now plus i thought you were married you used to claim, If you wife died i am sorry but you used to claim your wife got mad because of trump and now you say you are single

 

[bailey777]

Raise the cap and treat benefits as normal income for taxation purposes. That's enough. I don't want the government telling an office worker with a bad back that he has to work longer than a fit and healthy laboreri

i have bad back but i continue to work. Its called working

 

[Baller23Boogie]

i have bad back but i continue to work. Its called working

So, your experience is going to be the exact same as everyone else with back issues.

Makes total sense.

Think harder next time.

 

[larsIU]

Don't forget that I had money taken from every paycheck and given to the government. Until I receive that money back, and my lost earnings on that money, I think I deserve every penny.

Maybe Fauci can fund another ChiCom research effort that will kill off a few more million old folks? Save you youngsters some tax increases?

Maybe but I rather like old people and am aspiring to be one myself some day.

I think we need to reconsider how we deal with the issues and costs of aging in our modern advanced society.