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View Diary: Is it time to Lower the Retirement Age?  (with Poll) (26 comments)

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  •  Wrong fix for the right problem (0+ / 0-)

    I shudder at the notion of lowering the retirement age, but I can see why someone might suggest it as a short term fix.

    Allowing more people to retire early does create openings for younger workers in the short term, but it would break the bank within a generation.

    The problem is not that people need to be freed from the "burden" of work, because work is the primary fashion in which we interact with our society.

    The problem is that we do not have enough work to keep up with population growth, which devalues all workers across the board.

    Demographics change rapidly, and we really don't have a blueprint for what a post industrial society looks like.  There are more 75 year old people now than at any point in history.  The effect bulges even further as you approach 50.

    How can you have a society predicated on taxing a increasingly narrow segment of workers, and still support programs like social security and medicare?

    A similar solution to the one you purpose would be shortening the work week (both have been tried in other countries), but it is again robbing Peter to pay Paul.  After everything is said and done, you still have too little work to provide for your population.

    I don't know what the solution looks like, but I can say that it looks nothing like the modern economy we have been conditioned to for the last century.  It sure as hell doesn't involve letting China poison its citizens with smog, so they can produce stupid plastic crap nobody really wants anyway.

    I'm an optimist, though.  There must be something beyond capitalism or socialism.  Neither is proving an efficient distribution system as technology evolves.  We just need some smart person to lay out the ground rules for us.

    •  Whatever the solution looks like (2+ / 0-)
      Recommended by:
      jamess, dewley notid

      it has to involve the 1% coughing up. There is enough to go around if it is more equitably distributed.

      •  If one took every single dime ... (0+ / 0-)

        which the 1% possess and apply it to the deficit, there wouldn't be enough to make a noticeable dent, much less have an amount even remotely approaching enough to solve all of mankind's monetary problems.  Relatively speaking, the 1% aren't worth nearly as much as many apparently believe.

        "Two things are infinite: the universe and human stupidity, and I am not sure about the universe." -- Albert Einstein

        by Neuroptimalian on Sun Jan 12, 2014 at 05:41:29 PM PST

        [ Parent ]

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