I say that from my Actuarial background…we aren’t collecting enough $ if the plan is to pay people starting at age 67 with today’s life expectancies.
Looks like CEO killer suspect arrested in Altoona McDonalds ...
- Thread starter EricStratton-RushChairman
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And I say my response coming from my family’s blue collar background. Your house builder, electrician, plumber, landscaper, etc most likely can’t physically do those jobs until they are 67 or older. It seems as though the ones wanting to push the age limit up have never had a physically taxing job. The trades are the backbone of this country, yet those people get the short end of the stick more times than not.
Step, interesting table. I often wonder if all the IRA, 401K, 403B and other pre-tax investments are included in the Beneficiaries number. My pre-tax investments are quite large, and I'll likely be paying higher taxes in the future as the tax rates climb even further than now. These type of investments will have many retired people paying taxes until death, and their heirs will have to then pay the taxes over a very short period as part of their earned income.
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I think those points both have merit. I grew up on a farm and my dad is 72 and still farming. You are exactly correct about laborers not physically being able to work 50 years at those jobs. As his kids grew up and moved away from the farm, he had to buy more things to help do the daily things needed and had to hire help and things that he tried to do himself took longer.
But from the numbers point of view, back when Social Security started, the average lifespan was 10 years shorter so from a purely mathematical standpoint, there’s not enough money coming in to pay what’s going on right now since people are living so much longer.
Whoever mentioned that they should put the money back they keep taking from that fund, that would help too, or maybe some other type of percentage based payout, depending on how old you are when you start taking it out.
I agree. I just get frustrated by hearing people who have never done physically demanding jobs saying, “just push the SS age up”. It’s not a solution and is a slap in the face to those that are the fabric of our society, like your dad.
Something has to change one way or another, because Social Security wasn’t designed for people to keep living longer and longer. The alternative to raising the age is to raise the contribution amount (do people want to go from 6 to 10 percent, or the self employed to go from 12 to 20 percent?). One way or another, a change will be needed.
I agree that it sucks that those doing a trade don’t make more $, or need to work a taxing job at al older age. It also sucks that athletes and YouTube stars make several orders of magnitude more than Farmers and Firemen. But not addressing the issue seems like the worst answer (but again, good luck finding a politician that wins their campaign based on raising taxes or raising the SSNRA, regardless of if it’s necessary).
You honestly don't know? It's out there and it's not a mystery.
Well, one must realize that, until recently, universities in Europe were closer to graduate schools (and also limited to a much smaller percentage of the population than in the US). Grad studies do take longer as research is involved, and you can't put that on a schedule as easily. Different models of education are used too. Teachers, for example, don't go to a university but to a teacher's school. The BA or BS degrees are relatively new in Europe.
Wow. This thread has gone way off the rails. From a guy getting arrested at McDonald's to debates about healthcare and education.
True because most who eat at McDonalds are not worried about their health care
When Social Security first passed, the age you started collecting was 65 and the life expenctancy was 61 for men (65 for women). It was never meant to be a retirement fund, rather, old age insurance. Since life expectancy is something like 77, maybe the age should have been pused up to 80.
This is going to be fascinating. His current defense lawyer was asked if they would be accepting public donations to assist in the defense. A GoFundMe, if you will. He said he didn't know. Imagine they do and this gets millions towards his defense by randos all over the country. Think that sends a message? Good luck finding an impartial jury after that.
Also, reports of wanted posters going up around major cities identifying other healthcare CEOs. Avalanche of non-partisan public opinion is going to absolutely come roaring at this next President; Rep. Marjorie Green in Georgia is already hiding under her desk because public opinion is threatening to force her and the party with a majority to do something that is completely off message for the party. "Concepts of a plan" better have evolved by inauguration day or they will be dealing with this forever.
Also, reports of wanted posters going up around major cities identifying other healthcare CEOs. Avalanche of non-partisan public opinion is going to absolutely come roaring at this next President; Rep. Marjorie Green in Georgia is already hiding under her desk because public opinion is threatening to force her and the party with a majority to do something that is completely off message for the party. "Concepts of a plan" better have evolved by inauguration day or they will be dealing with this forever.
Hey AI, tell me about prisons and health care in the US....
- Services
Prisons provide medical, dental, and mental health services. Some prisons have on-site infirmaries, pharmacies, and mental health centers.
- Providers
Prisons may use licensed and credentialed health care providers, independent doctors, or contract with private or hospital staff.
- Transportation
Prisons may transport prisoners to hospitals by bus, which can be difficult.
- Fees
Some states charge prisoners for medical care and medications. The national average fee per visit is $3.47.
- Medicare
Medicare benefits are suspended during incarceration, but enrollment rules remain in place.
- Confidentiality
Detainees have the right to confidentiality of their health care.
- Autonomy
Detainees have the right to make informed choices about their healthcare and not be treated against their will
Hey POORS, commit a crime and pay $3.47 per visits for your health care needs!
- Fees
The United States ranks 48th in average life expectancy (both sexes) worldwide. About five years fewer than Hong Kong (#1) and Japan (#2).
What do you/did you do for a living? You want to push up the age past the life expectancy so there’s little chance for most to ever benefit from it? Sounds like you were in the insurance industry yourself.
Cliff notes..for profit healthcare isn't leading the world, I know...shocking. Some are better and some are worse, but in spite of the smoke blown up our arses for decades...education, healthcare, and life expectancy.....the US isn't at the top. On the bright side we do incarcerate the most people and have the best military. So we got that going for us.
The Best Healthcare in the World: Country Rankings
Discover the countries with the best healthcare in 2024 and learn about the key factors that make Italy, Singapore, and Iceland top the list.
www.internationalinsurance.com
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What do you think the best solution is to our situation? Since you don't think that raising the age is an option, then would you agree with raising the contribution rates from the current ~6%/12% to something like 8%/16% or 10%/20% to always keep the retirement age at 67?
I don’t know what the best solution is. I don’t pretend to know. But I also don’t sit here and blindly give a “solution” to the problem that negatively affects a very large portion of our population. I’m guessing your solution to push the age up doesn’t affect you because you were fortunate enough to have a white collar job and a pension or retirement account?
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We also kill the most kids in schools with guns. We also run circles (or maybe we don't) around everyone else on obesity rates. Don't forget we have one of the largest gaps between rich and poor amongst developed countries.Cliff notes..for profit healthcare isn't leading the world, I know...shocking. Some are better and some are worse, but in spite of the smoke blown up our arses for decades...education, healthcare, and life expectancy.....the US isn't at the top. On the bright side we do incarcerate the most people and have the best military. So we got that going for us.
The Best Healthcare in the World: Country Rankings
Discover the countries with the best healthcare in 2024 and learn about the key factors that make Italy, Singapore, and Iceland top the list.
Also, fascinating to see a lot of folks on the left suddenly liking gun violence. I guess if no one will solve the gun problem to protect a bunch of first graders from getting their brains blown out, people will find a use for them to advance other causes.
When we talk about why Healthcare isn't free for all like other countries one has to consider the US Taxpayers aversion to higher taxes and in these so called Social Welfare States like Denmark the tax rate of almost 47%. Will be hard for us to go there anytime soon. As for Social Security - google average retirement saving for your peer age group - it is depressing for people near or at retirement age say 67 when the median amount saved in the US is $200,000 at 67. That won't last you long even with SSI.
It's an issue that needs a solution, and the longer we wait, the worse it will get...the realistic solutions are to either raise taxes, or raise the age you start collecting. Raising taxes also obviously "negatively affects a very large portion of our population", does it not? It sucks, but as people live longer and longer (and have fewer kids), we're going to be paying out way more $$$ than we collect. It's simply not sustainable.
And to think that those with a white collar job don't also deal with challenges and want to retire sooner is a pretty short-sighted viewpoint.
Had a buddy who owned Ferrari of Atlanta . He would say , there’s a lot of money in racing. How do I know ? I put it there .
It’s not about wanting to retire sooner. It’s about not being able to physically work until retirement age or longer. You still don’t get it…from behind your desk.
Hilarious. I spoke with Rob. He was unimpressed with my lack of commitment
My apologies for my previous response. It probably came off rude and that wasn’t my original intent. My point is that sometimes when a solution seems simple and reasonable on paper, you have to delve into how it will have an effect further down the road on actual human beings. Middle America is going to be the loser in either alternative.
All good...the big issue is that no one is going to address it, because running on a platform of raising taxes or making people work longer will lose you 100 elections out of 100. So we'll keep kicking the can down the road, and make things worse and worse for our children and grandchildren. Every option sucks...but the sooner we address it, the less damage we do to future generations.
It's really very simple- we need to spend less and tax more.
You and I could join up and run the most unsuccessful campaign ever in 2028!
We would sweep the common sense and high IQ segments- and lose hugely with only those tiny segments.
Reggie Oliver took a job as a janitor just to get enough time for health care.
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