US Declining Birthrate means entitlement problems will just get worse, page

The U.S. birthrate just fell to its lowest point since we've been keeping track. Here's why that may be a problem for my 2-year-old son.

Right now, I, my colleagues and everybody else with a job is paying to support our parents, our grandparents and all the other elderly people in the U.S. who currently receive Medicare and Social Security. Relatively speaking, there are still plenty of us working people, compared to the number of retirees.

But the fall in the birthrate means that, by the time my son gets to be my age, there will be fewer working people for each retiree. So he'll have to pay a bigger share of my retirement costs — which he may not want to do.

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Doesnt matter how the politicians decide to handle entitlements. Jack the age to qualify up to 70 or 80 and it wont fix anything. Tax every wage earning slave 100% and it still wont fix it.

It's broken and done for. The sooner we admit it the sooner we can stop pretending everything is sunshine and roses and deal with the reality of taking care of ourselves and taking care of our families.

There arent enough people and there isnt enough money at the bottom to keep the pyramid upright.

Reply to post by thisguyrighthere

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You're spreading misinformation.

SS is neither a pyramid scheme nor an entitlement. People pay into it. It's their money. Please just read this.

www.ourfuture.org...

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Posted Via ATS Mobile: m.abovetopsecret.com

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reply to post by spinalremain

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You're free to brand and label it anyway you want. That doesnt change the math of it.

That suggests two possible solutions to Social Security's twenty-year-from-now problem: 1) Lift the payroll tax cap, and/or 2) impose a small financial transactions tax on Wall Street and use it to make up the Social Security shortfall. Either of these approaches would solve the problem.

Temporary stop gaps. Without massive reforms all around shortly after lifting the payroll tax cap and taxing "Wall Street" we'll be right back to where we are.

A 100% tax and lifting the age to collect up to 90 will still only be temporary fixes.

reply to post by thisguyrighthere

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Or... Hear me out... You can actually plan for your retirement and set money aside instead of planning to just hold your hand out when you reach retirement age.

And also, if there are less people, and the same number of jobs- why wouldn't the unemployement rate be effected instead of the number of jobs filled? And... Why wouldn't the imigration (which is becoming easier) offset the amount of natives working those bottom jobs?

We need less births in the entire world to let our environment reach equilibrium agian. NOT MORE!

Originally posted by 1plusXisto7billion
reply to post by thisguyrighthere

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Or... Hear me out... You can actually plan for your retirement and set money aside instead of planning to just hold your hand out when you reach retirement age.

That would be un-American.

And also, if there are less people, and the same number of jobs- why wouldn't the unemployement rate be effected instead of the number of jobs filled?

That's a big "if." So many jobs in America are service based. With less people to serve and less consumers all around the number of available jobs would fall along with the population. At what ratio I dont know. But it would remain the same.

And... Why wouldn't the imigration (which is becoming easier) offset the amount of natives working those bottom jobs?

Very well could if America had sensible immigration policies.

reply to post by thisguyrighthere

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This is true. We're going to live a lot longer in the coming decades.

The way I see it, the technology to do so won't trickle down to the average individual until the boomers are mostly dead.

We're only in our infancy of life-extension. Whatever is being done now will simply extend our life some 5-20%, and it's in prileminary trials. Even these won't hit the market for another 5-10 years, and it will be expensive for another 5-15 years.

So basically, I think this is all planned to work out pretty well.

By the time the ability to live 120+ for a good chunk of us happens, our technological might will have eclipsed these silly notions of "social security". We'll be mining the moon, asteroids, colonizing other planets, etc...

It will be a non-issue.

I only think there's a "crunchtime" for the next decade or so, and even then some are living much better lives than ever before in history.

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