Uncle Larry Fink says “Work Longer” … You’ll be Happy

[vantexan]

And you had every right to not work at FedEx or to open your own business just like the free market would’ve allowed you to, but you were not interested in that. I’m not a fan of big giant corporations myself, even though I work for one I can assure you if I felt that I was being exploited I would not work where I currently work.

I tried my own business. I failed. WFD. It's not about me. It's about the solvency of a social safety net that most seniors depend very much on. You'd take that away because you hate paying the tax. I guarantee if the SS/Medicare taxes were stopped tomorrow the business owners would slow down future raises because you just got a 6.2% raise.

 

[vantexan]

Half the population? I don’t think so. And some peoples idea of success is different than others.

You're right, more than half. If you think at least half of SS recipients aren't in need of that check you're kidding yourself.

 

[Thebrownblob]

I tried my own business. I failed. WFD. It's not about me. It's about the solvency of a social safety net that most seniors depend very much on. You'd take that away because you hate paying the tax. I guarantee if the SS/Medicare taxes were stopped tomorrow the business owners would slow down future raises because you just got a 6.2% raise.

Who said I wanted to take it away? I said I don’t want to penalize people like you do for being successful and for you not being successful in your opinion.

You’re OK with the government raising your retirement age to 75 yes or no?

 

[vantexan]

Who said I wanted to take it away? I said I don’t want to penalize people like you do for being successful and for you not being successful in your opinion.

You’re OK with the government raising your retirement age to 75 yes or no?

They're talking about 70. With 62 still for early retirement.

 

[Thebrownblob]

They're talking about 70. With 62 still for early retirement.

I don’t care what it is, you’re OK with that if they change it tomorrow for you?

Or you’re fine with them changing it for others who come after you?

 

[vantexan]

Nope, according to you, you want the government to take it and give it to you because they’re bad guys. After all, you deserve to live right they ripped you off for years.

Not every business person is a bad person. But in order for many of them to have that wealthy life they want they have to push people to accept low pay with few if any benefits. That's exploitation. I've repeatedly said fine, that's the system we have and it works better than other systems. But if you're going to help someone get all that they want the least they can do is assist you in your retirement. That's the very least imo. But while you say you're not against SS you constantly argue against it. You don't want to pay the tax.

 

[vantexan]

I don’t care what it is, you’re OK with that if they change it tomorrow for you?

Or you’re fine with them changing it for others who come after you?

I took mine at 62. I may not live until 70. What are you hoping for, that they keep it the same and it collapses so that you won't have to pay the tax? So you can point to it as just another failed government program?

 

[Thebrownblob]

Not every business person is a bad person. But in order for many of them to have that wealthy life they want they have to push people to accept low pay with few if any benefits. That's exploitation. I've repeatedly said fine, that's the system we have and it works better than other systems. But if you're going to help someone get all that they want the least they can do is assist you in your retirement. That's the very least imo. But while you say you're not against SS you constantly argue against it. You don't want to pay the tax.

When have I ever argued against it? There’s no feasible way out of Social Security although I believe if we had never had it, we would’ve been better off, but that ship has sailed. I believe younger people today would have a much brighter future if George Bush had been able to actually have retirement savings, but that ship has sailed as well.

Nope, this is purely about you becoming a socialist when it’s convenient for you you want the government to penalize the people who you could not throughout your career. Like I said, I don’t have a problem with you feeling that way I just find you disingenuous.

 

[Thebrownblob]

I took mine at 62. I may not live until 70. What are you hoping for, that they keep it the same and it collapses so that you won't have to pay the tax? So you can point to it as just another failed government program?

You’ve said over and over again it’s never going to fail? So which is it?

 

[Thebrownblob]

I took mine at 62. I may not live until 70. What are you hoping for, that they keep it the same and it collapses so that you won't have to pay the tax? So you can point to it as just another failed government program?

Now you have a crystal ball? How do you know you won’t live to 70? How do I know I’ll live to 62? We don’t.

 

[Thebrownblob]

I took mine at 62. I may not live until 70. What are you hoping for, that they keep it the same and it collapses so that you won't have to pay the tax? So you can point to it as just another failed government program?

Also, I’m exceedingly happy you’re going to get your Social Security.

 

[vantexan]

When have I ever argued against it? There’s no feasible way out of Social Security although I believe if we had never had it, we would’ve been better off, but that ship has sailed. I believe younger people today would have a much brighter future if George Bush had been able to actually have retirement savings, but that ship has sailed as well.

Nope, this is purely about you becoming a socialist when it’s convenient for you you want the government to penalize the people who you could not throughout your career. Like I said, I don’t have a problem with you feeling that way I just find you disingenuous.

It's not socialism. It's social insurance. Spreading the risk over the entire population. For some reason you think conservatism is about rugged individualism. We're no longer an agrarian society. There are no longer gold fields in California or Alaska to strike off for or wilderness to clear for farms and ranches. The best most of us can hope for is a halfway decent job but with moving a lot of work overseas what's left isn't paying much in most places. College kids are coming out in debt with limited opportunities and you can't blame it all on lousy degrees. Thank God for SS.

 

[vantexan]

Now you have a crystal ball? How do you know you won’t live to 70? How do I know I’ll live to 62? We don’t.

I know because I'm in stage 4 of kidney failure. Brought on by my diabetes.

 

[vantexan]

You’ve said over and over again it’s never going to fail? So which is it?

When did I ever say it's never going to fail? I've said they will reduce it about 22%-25% and pay for it with collected taxes. I'd like it to be at 100% of promised benefits. Wouldn't you?

 

[Thebrownblob]

I know because I'm in stage 4 of kidney failure. Brought on by my diabetes.

Well, hopefully you live as long as possible possible and be as healthy as possible while living. but definitely none of us are guaranteed any amount of time.

I’ve made plenty of mistakes and bad choices in my life, and I’ve never never once felt exploited.

I’m also well aware that life is not fair.

 

[Thebrownblob]

When did I ever say it's never going to fail? I've said they will reduce it about 22%-25% and pay for it with collected taxes. I'd like it to be at 100% of promised benefits. Wouldn't you?

I would, but I would also like them to actually keep their promises and not keep moving the ball. I’m quite sure I will be fine as I am really not that far away from retirement. My kids, however, may not be so lucky and that is going to be a huge problem..

 

[burrheadd]

Not every business person is a bad person. But in order for many of them to have that wealthy life they want they have to push people to accept low pay with few if any benefits. That's exploitation. I've repeatedly said fine, that's the system we have and it works better than other systems. But if you're going to help someone get all that they want the least they can do is assist you in your retirement. That's the very least imo. But while you say you're not against SS you constantly argue against it. You don't want to pay the tax.

They owe you nothing more than a paycheck on Friday

 

[Thebrownblob]

They owe you nothing more than a paycheck on Friday

That’s kind of the way I always looked at it. Most places only owe you a paycheck unless you have some sort of contractual agreement to get more.

The majority of people in the country were fooled by politicians to believe they did not need any sort of representation and we are seeing how worked out over this generation. My grandparents generation was heavily unionized and had great retirement.

Now those people that believe the lie are coming to the end of their working careers and many of them are going to be living hand to mouth.

 

[vantexan]

Well, hopefully you live as long as possible possible and be as healthy as possible while living. but definitely none of us are guaranteed any amount of time.

I’ve made plenty of mistakes and bad choices in my life, and I’ve never never once felt exploited.

I’m also well aware that life is not fair.

Thanks. But it's hard to feel exploited when you have high pay and excellent benefits that let you take care of your family.

Imagine you work hard all year and you get a 2% raise which for that year for me was 32 cents. But topped out employees who made about $6hr more than me got 3% on higher pay. Around 70 cents. Year over year the topped out pulled away from us while starting pay kept being increased so that Someone just starting was making less than $2hr less than what I was at 12 years since being rehired.

Or they tell you every year in a glossy brochure tailored to your work history what you can expect to get with your pension. Then they offer to let you choose to remain in your pension or voluntarily take the new pension newhires are under. If you chose the new plan guess what? They were lying about letting you stay in the old plan but if you stayed they gave you extra money to make up for the transition(a ripoff). But if you voluntarily went into the new pension you didn't get the transition credits. Knew guys who lost as much as $12k on that.

Easy to say why didn't you just leave but there are plenty of reasons why people don't. But we certainly felt exploited at times.

 

[vantexan]

They owe you nothing more than a paycheck on Friday

Take away your high pay and benefits and come talk to me.