General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsMy 2014 DU goal is to push for lowing the SocSec age to 50. Reason being
my belief is that automation (Cyber-era) based economy cannot produce enough jobs for 25 to 50% of the population.
Productivity is the problem and even if we tried to fix every bridge we would just move macjobs to construction, not new jobs.
montanacowboy
(6,093 posts)people have no savings and no pensions
they can't survive on SS so they still will be looking for work to supplement the SS
CK_John
(10,005 posts)RebelOne
(30,947 posts)I get $1119 a month for SSDI plus $15 a month in SNAP benefits.
X_Digger
(18,585 posts)CK_John
(10,005 posts)Blue_In_AK
(46,436 posts)It was time to let someone younger do my job.
CK_John
(10,005 posts)JI7
(89,252 posts)they only "work" if one doesn't have many items to purchase usually . and there is usually someone who has to stand by and help in some way. so this person could just be checking people out and it would go faster.
CK_John
(10,005 posts)driverless 18 wheelers under testing in Spain, pharmacy due to pill kiosk, eventual NYC taxi drivers. and more coders.
Also 50% of the education system from K-through Grad school will not be needed or supportable.
JI7
(89,252 posts)CK_John
(10,005 posts)of something it is possible.
JI7
(89,252 posts)ever.
sweetapogee
(1,168 posts)a plan? Exactly how do you intend to realize your goal to get the congress of the United States to pass a law to make SS available to those age 50? A letter to the editor?
CK_John
(10,005 posts)contact the media Big Ed, Maddow, Hardball and others. Also I'm counting on many people in the media and the WH staff checkout this forum regularly.
It's up to DU.
RobertEarl
(13,685 posts)Use SS funds to finance home mortgages. At 5% annual interest compounded daily the funds in SS would almost triple in 30 years.
As it is, the SS funds are invested in US bonds (or Treasuries) with a current less than 2% interest rate. IDB,
SS can finance housing for Americans, and being the housing industry is well financed it would lead to lots of jobs with more SS funds and people can retire at 55.
Major Nikon
(36,827 posts)The immediate effect of your plan would be a massive increase to FICA, to compensate for massively increasing the number of people receiving benefits. 26% of the population is in the 45-64 age group and 13% are in the 65 and older age group. So you wouldn't double the SS recipients, but I'm guessing you'd see at least a 33% increase. The SS portion of FICA is currently 6.2%, so a 33% increase would put it at about 8.2%. For someone making $40K, that's a $800 tax increase for them and their employer (who in many cases would cut wages to compensate).
http://www.census.gov/prod/cen2010/briefs/c2010br-03.pdf
For that you would receive limited return on your goal because it wouldn't necessarily make all that many people retire earlier. Keep in mind also that people in the 55-64 age group have the highest wages, so even if your plan did work you'd be cutting the cream out of those who are contributing to FICA.
http://www.bls.gov/news.release/wkyeng.t03.htm
CK_John
(10,005 posts)get in the way of action. If every problem had to solved before we did anything we would still be in caves.
Major Nikon
(36,827 posts)Your solution gives more money to those who are aged 50-62 (the group who needs it the least), at the expense of everyone else, but I'm not convinced it would even begin to address your stated problem. Seems like a lot of buck for very little bang.
CK_John
(10,005 posts)People need a reason to get up in the morning without feeling like a failure. Letting them know they can retire at 50, gives them a safety net and respect. They can go fishing or start a business or build bird houses in the garage.
Also if your lucky enough you can work and still be on Soc Sec, of course at some point your monthly benefits are reduced.
A society in chaos is something you don't want to be in.
.
sweetapogee
(1,168 posts)is a concept, than couldn't a case be made that money for government pensions is also a concept?
pipi_k
(21,020 posts)good luck with that.
I don't see it ever happening. Even lowering it to 60 might be a stretch, in spite of the optimism of believing that whatever we can think of is possible.
El_Johns
(1,805 posts)Some 22 million manufacturing jobs were lost globally between 1995 and 2002 as industrial output soared 30 percent, Carson says. It seems that devilish productivity is wreaking havoc with jobs both at home and abroad.
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aRI4bAft7Xw4
CK_John
(10,005 posts)regular media. Granted that they favor those with skin in the game but once you get pass the money lingo and read between the lines they know what is happening in the world. Just follow the money.
NoOneMan
(4,795 posts)Better for the environment too probably