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

[Wally]

I don't disagree, but the folks who are already raking in millions a year in salary really won't need that extra $1000 per month in Social Security income. The average American who will retire with barely a 401(k) will need to have the assurance their Social Security will not be shaved by 30% in 10 years when Social Security is forecast to become insolvent.

Doesn't matter. Even lefty Dems in the 1930's didn't want it to be another welfare program.

 

[burrheadd]

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

I’ve had low paying jobs but I wanted more so I found a better job had a house flipping business for most of my career at ups. Because I wanted more grew up dirt poor but I knew it was out there Just had to go get it. Now Iam reaping the rewards of all that work

 

[BadIdeaGuy]

I’ve had low paying jobs but I wanted more so I found a better job had a house flipping business for most of my career at ups. Because I wanted more grew up dirt poor but I knew it was out there Just had to go get it. Now Iam reaping the rewards of all that work

So ambition and hard work is a general recipe for success?

Shocker.

 

[burrheadd]

So ambition and hard work is a general recipe for success?

Shocker.

Some of these folks think people are just going to hand them money not how it works

 

[vantexan]

Some of these folks think people are just going to hand them money not how it works

I never asked for UPS pay. I asked for the same deal our topped out employees enjoyed. But we were sacrificed so that the company could build up Ground infrastructure. And once they got that done what did they start to do? Instead of giving the better pay they said was coming if we just hung in there they've started transitioning the company over to mostly a Ground contractor model. Less pay, no benefits. I worked hard for my pay. And I never screamed get us a union so we can have UPS pay and benefits. I saw a long time ago that the money for that just isn't there. But I also know that a little over 26 years before I was born Social Security became law. I started work paying into it. Well, my first real job. When I was 12 I picked weeds for $1 HR 35 hrs a week but no taxes were taken out. Anyways I payed into it my entire working life and don't think I'm expecting money to just be handed to me. And I want those who come after me to get just as much.

P.S. It takes money to make money. A good paying job at UPS opens up all kinds of opportunities.

 

[Thebrownblob]

I never asked for UPS pay. I asked for the same deal our topped out employees enjoyed. But we were sacrificed so that the company could build up Ground infrastructure. And once they got that done what did they start to do? Instead of giving the better pay they said was coming if we just hung in there they've started transitioning the company over to mostly a Ground contractor model. Less pay, no benefits. I worked hard for my pay. And I never screamed get us a union so we can have UPS pay and benefits. I saw a long time ago that the money for that just isn't there. But I also know that a little over 26 years before I was born Social Security became law. I started work paying into it. Well, my first real job. When I was 12 I picked weeds for $1 HR 35 hrs a week but no taxes were taken out. Anyways I payed into it my entire working life and don't think I'm expecting money to just be handed to me. And I want those who come after me to get just as much.

P.S. It takes money to make money. A good paying job at UPS opens up all kinds of opportunities.

UPS wouldn’t be a good paying job with benefits and a pension without the Teamsters.

 

[vantexan]

UPS wouldn’t be a good paying job with benefits and a pension without the Teamsters.

No doubt. But it is and yet there are people here who think FedEx never unionized because its employees didn't want it. Some didn't for sure. We were out maneuvered by a CEO with a lot of money.

 

[Thebrownblob]

No doubt. But it is and yet there are people here who think FedEx never unionized because its employees didn't want it. Some didn't for sure. We were out maneuvered by a CEO with a lot of money.

The vast majority did not think unionization was necessary. They were absolutely not willing to fight for it. They were going to “get taken care of.” Boy did the ever. That is the bottom line.

 

[Over70irregs]

The best two ways to salvage Social Security: 1) Tax ALL wages (not just the first $168,600) and then cap the maximum monthly benefit at whatever the current cap is. 2) Allow people who draw early at age 62 to make as much money as they want to (obviously paying into Social Security while they continue to work) but cap their benefit at what their early draw amount was + COLA. These two items would go a long way towards making Social Security solvent.

Not bad…… actually read this 3 times..

 

[Over70irregs]

It what age would you still like to be a UPS driver?

If a guy does 25 he should be able to get out. I know this is old hat but I believe all hours should be in pension. Every dynamic would change.

 

[Over70irregs]

A lot of highly paid people make that money exploiting others. I look at what the executives at FedEx have done/are doing to regular employees in the name of profit and I don't mind at all making them pay SS on all of their income while putting a cap on what they can receive. I certainly believe that capitalism is the best way to feed, clothe, and house the most people. But those who benefit the most from an exploitive system should pay the most.

Capitalism done in the name of War requires exporting vast amounts of energy depleting inflation. This is no longer working.

 

[IVE GOTTA PACKAGE 4U]

If a guy does 25 he should be able to get out. I know this is old hat but I believe all hours should be in pension. Every dynamic would change.

Unfortunately that will not ever happen

 

[Over70irregs]

Unfortunately that will not ever happen

Agreed. Just keep it on table as a talking point. We have do for ourselves. We have a small cell computer that can vault us. Especially in US we need to hurry while we have some tech freedom.

 

[Fred's Myth]

Now wait just a doggone minute! Who are you to say that guy making great money for 40 years doesn't need that extra thousand? That's a lot of fine wine he'd be missing out on!

Your envy of others is blinding you.

 

[vantexan]

Your envy of others is blinding you.

It's not envy. I never wanted the big house and all the amenities. Just want enough to have options. And enough for me is a good deal less than most.

 

[Wally]

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.

So turn the program in pure welfare?

 

[IVE GOTTA PACKAGE 4U]

So ambition and hard work is a general recipe for success?

Shocker.

Says the king of dead days....

 

[IVE GOTTA PACKAGE 4U]

So turn the program in pure welfare?

It already is a welfare program

The more you put in the less the percentage you get.

 

[BadIdeaGuy]

Says the king of dead days....

Still averaging 49 hours a week at least.

I do like my days off.

 

[vantexan]

So turn the program in pure welfare?

Do you think contributing your entire working life into the program makes it welfare?