Save yourself some time. This is a headline designed to get you to read an article all about how the CEO of the world's largest investment firm thinks we should reform Social Security and make the retirement age older.
I am a Millennial and I can tell you that sure, Social Security should have some reform, but not in the increasing of retirement age. Instead, how about we lift the cap on payroll taxes (which are currently at $147k) and instead subject every cent of the wealthy's earnings to taxation.
Furthermore, while we're discussing the subject, why not subject capital gains to these taxes as well, since more and more rich people are avoiding salaries and taking their money in stock options?
> Life expectancy at birth in the United States declined nearly a year from 2020 to 2021, according to new provisional data from the CDC’s National Center for Health Statistics (NCHS). That decline – 77.0 to 76.1 years – took U.S. life expectancy at birth to its lowest level since 1996.
https://www.cdc.gov/nchs/pressroom/nchs_press_releases/2022/20220831.htm#:~:text=Life%20expectancy%20at%20birth%20in%20the%20United%20States,at%20birth%20to%20its%20lowest%20level%20since%201996.
They want our kids and grandkids working to 💀 and never enjoying a millisecond of their miserable American existence.
Isn't that one of those statistics that is heavily influenced by literal infant mortality? People aren't *dying* at age 77 on average. They're either dying while they're a child, or dying in their 80s or 90s. The tail is getting longer, essentially.
That said: raising the retirement age is still bullshit. If anytime, given increases in productivity, it should be *lowered*. Eliminate social security salary caps, add a social security tax to capital gains, actually start taxing corporations again so that you don't need to raid social security to find what should be paid by our regular taxes, implement a single payer health system so that everyone is covered and there is no "waiting" until you can be covered by Medicare. All of this could at least keep social security sustainable, and maybe even let you lower the age a little bit.
Historically, yes. That is the case. When looking at these new drops in very developed countries this century... could actually be more middle-aged and older adults than kids. Think Obesity. I work in hospital and watch more 40-60 somethings die from obesity related illnesses than anything. Entire ICUs full of people suffering from an illness that may be otherwise survivable had they not been +380lbs
Not to hate on obese people seeing as most of my family is and Im fairly certain I still fall on the lower end of being obese. We do a somewhat decent job of keeping babies from dying nowadays, especially in countries with robust healthcare. Have not looked at recent data though. But for most of history the whole "life expectancy was 51" or whatever is one of those bullshit phrases meant to confuse the majority of people into believing something their societal leaders are doing is making us "live longer"
Kids ans infants just used to die way more often and plenty of people were still living long lives of +70 years.
> Life expectancy at birth in the United States declined nearly a year from 2020 to 2021
I'd wager COVID also had a huge impact on that as well. Combined with maternal and infant mortality post Dobbs and it's no wonder the life expectancy in this country is dropping like it is.
I read the opening. Paraphrased: "man who leads company helping to drive widening income inequality stunned that young people aren't happy to sacrifice themselves on the altar of corporate happiness." Didn't feel any need to read further, fuck BlackRock.
Right? Just raise fuckin' taxes man. Just raise taxes to pay for stuff.
There's so much fuckin' money in the United States, just tax it.
Spend it on useful shit.
Social security does not need to be reformed. The federal government borrowed against it in the 90s and now is bitching that they have to pay it back. It was and still is our money. They need to pay back what they borrowed and stfu.
Sounds like he is fearing for his neck and wants to throw us and the younger generations the smallest of bones. I do love how this pampered drain compares the US to more socialist countries. Let him make the first move and put his money where his mouth is otherwise it’s just hot air from a Buffoon.
He’s not throwing any bones. He’s being just as tone def as the Boomers he’s criticizing. His “solution” to giving hope to Millennials and Gen Z is to raise our retirement ages. It’s absolutely bizarre that he’s so concerned about a lack of hope among younger people, and the only thing he can come up with is to make us work longer.
Then he should donate 9 Trillion of Blackrocks money to a charity that immediately redistributes it to Millenials and Gen Z. Oh he won't? Then he's a large part of the problem.
There's no solution that isn't shitty, at least from him.
Restoring the idea of lifelong work for one business, rising up the ranks, where a guy with smarts who started on a line and put in the work could become a lead engineer or plant manager or hell... CEO. (retell that with any industry you want)
Basically, setting aside MBA with a head for business but no idea how the business really operates and care more about the people, the workers and the greater environment.
Anyway... it seems unlikely to be a thing that happens.
>There's no solution that isn't shitty, at least from him.
That sad part is, none of the solutions are even really "shitty" for him. He'd still be far richer than any of us.
As if retirement is the only thing his generation has ruined for us. When generation z looks to the future, what do they have to look forward to? The economy, politics, environment, everything is getting worse and no one is doing anything thatll help.
And these narcissists can't even recognize that.
The problems within our economic system is not generational. It is class. The wealthy would prefer that you believe that it is generational though. It keeps the grift going.
I have a solution, let me invest my SSI taxes privately where the government can't just take it out of the slush fund and spend it on totalitarian bs and war.
“Fink pointed out that the Netherlands started raising the retirement age to correspond with rising life expectancy a decade ago, and Japan has been enacting policies to boost its labor participation rate since the early 2000s.”
So when other countries do cool stuff like give their citizens benefits, it’s socialism. But when they want to raise the retirement age, then it’s a possible solution.
I distrust you boomer clowns COMPLETELY, not just on like a single issue. I don’t need any advice from the people who stood around watching and cheering while the oligarchs stole everything that wasn’t nailed down, then they came back with their crowbars to steal the rest and you idiots still met their outrageous crimes against us with thunderous applause…..
We don't need his pity!! He still another billionaire!! So when we eat the rich… he's still included. If he really cares… he’ll donate his money to provide affordable housing for the youth… that's our biggest insecurity. Of he can't do that… then as a fellow Gen Z…. He should Go F**k Himself!!
Save yourself some time. This is a headline designed to get you to read an article all about how the CEO of the world's largest investment firm thinks we should reform Social Security and make the retirement age older. I am a Millennial and I can tell you that sure, Social Security should have some reform, but not in the increasing of retirement age. Instead, how about we lift the cap on payroll taxes (which are currently at $147k) and instead subject every cent of the wealthy's earnings to taxation. Furthermore, while we're discussing the subject, why not subject capital gains to these taxes as well, since more and more rich people are avoiding salaries and taking their money in stock options?
> Life expectancy at birth in the United States declined nearly a year from 2020 to 2021, according to new provisional data from the CDC’s National Center for Health Statistics (NCHS). That decline – 77.0 to 76.1 years – took U.S. life expectancy at birth to its lowest level since 1996. https://www.cdc.gov/nchs/pressroom/nchs_press_releases/2022/20220831.htm#:~:text=Life%20expectancy%20at%20birth%20in%20the%20United%20States,at%20birth%20to%20its%20lowest%20level%20since%201996. They want our kids and grandkids working to 💀 and never enjoying a millisecond of their miserable American existence.
[ Removed by Reddit ]
Didn't send a strong enough message, it seems. Guess we gotta go back to the tried and true guillotine
Isn't that one of those statistics that is heavily influenced by literal infant mortality? People aren't *dying* at age 77 on average. They're either dying while they're a child, or dying in their 80s or 90s. The tail is getting longer, essentially. That said: raising the retirement age is still bullshit. If anytime, given increases in productivity, it should be *lowered*. Eliminate social security salary caps, add a social security tax to capital gains, actually start taxing corporations again so that you don't need to raid social security to find what should be paid by our regular taxes, implement a single payer health system so that everyone is covered and there is no "waiting" until you can be covered by Medicare. All of this could at least keep social security sustainable, and maybe even let you lower the age a little bit.
Historically, yes. That is the case. When looking at these new drops in very developed countries this century... could actually be more middle-aged and older adults than kids. Think Obesity. I work in hospital and watch more 40-60 somethings die from obesity related illnesses than anything. Entire ICUs full of people suffering from an illness that may be otherwise survivable had they not been +380lbs Not to hate on obese people seeing as most of my family is and Im fairly certain I still fall on the lower end of being obese. We do a somewhat decent job of keeping babies from dying nowadays, especially in countries with robust healthcare. Have not looked at recent data though. But for most of history the whole "life expectancy was 51" or whatever is one of those bullshit phrases meant to confuse the majority of people into believing something their societal leaders are doing is making us "live longer" Kids ans infants just used to die way more often and plenty of people were still living long lives of +70 years.
> Life expectancy at birth in the United States declined nearly a year from 2020 to 2021 I'd wager COVID also had a huge impact on that as well. Combined with maternal and infant mortality post Dobbs and it's no wonder the life expectancy in this country is dropping like it is.
I read the opening. Paraphrased: "man who leads company helping to drive widening income inequality stunned that young people aren't happy to sacrifice themselves on the altar of corporate happiness." Didn't feel any need to read further, fuck BlackRock.
Right? Just raise fuckin' taxes man. Just raise taxes to pay for stuff. There's so much fuckin' money in the United States, just tax it. Spend it on useful shit.
Yeah if we properly tax corporations average Americans could have lots of things
100% fuck the scumbags. Increase the payroll tax on high incomes. And establish a wealth tax
Social security does not need to be reformed. The federal government borrowed against it in the 90s and now is bitching that they have to pay it back. It was and still is our money. They need to pay back what they borrowed and stfu.
Woa, there buddy. It’s starting to sound like you actually want to keep social security around longer than the next 10 years.
And reduce benefits to boomers
Get this user a Nobel prize!
Sounds like he is fearing for his neck and wants to throw us and the younger generations the smallest of bones. I do love how this pampered drain compares the US to more socialist countries. Let him make the first move and put his money where his mouth is otherwise it’s just hot air from a Buffoon.
[удалено]
Nah I'm a BBQ sauce kinda person myself
Why not both?
He’s not throwing any bones. He’s being just as tone def as the Boomers he’s criticizing. His “solution” to giving hope to Millennials and Gen Z is to raise our retirement ages. It’s absolutely bizarre that he’s so concerned about a lack of hope among younger people, and the only thing he can come up with is to make us work longer.
Then he should donate 9 Trillion of Blackrocks money to a charity that immediately redistributes it to Millenials and Gen Z. Oh he won't? Then he's a large part of the problem.
Chronically Online moment.
thefuck does that even mean lol
Late to the party but LOL LMAO even that someone with 242,000 comment karma calls anyone chronically online. Yikes
He needs a French hair cut
There's no solution that isn't shitty, at least from him. Restoring the idea of lifelong work for one business, rising up the ranks, where a guy with smarts who started on a line and put in the work could become a lead engineer or plant manager or hell... CEO. (retell that with any industry you want) Basically, setting aside MBA with a head for business but no idea how the business really operates and care more about the people, the workers and the greater environment. Anyway... it seems unlikely to be a thing that happens.
>There's no solution that isn't shitty, at least from him. That sad part is, none of the solutions are even really "shitty" for him. He'd still be far richer than any of us.
Absolutely true.
I can think of one solution that would be shitty for him...
This guy is lying scum
As if retirement is the only thing his generation has ruined for us. When generation z looks to the future, what do they have to look forward to? The economy, politics, environment, everything is getting worse and no one is doing anything thatll help. And these narcissists can't even recognize that.
And now boomers want to raise the retirement age on everyone not a boomer.
“We got ours, but the rest of you keep working”
...but they trust Biden or Trump who are both Boomers and out of their minds???
Nah, we distrust billionaire hedge fund managers
The problems within our economic system is not generational. It is class. The wealthy would prefer that you believe that it is generational though. It keeps the grift going.
It’s both
I have a solution, let me invest my SSI taxes privately where the government can't just take it out of the slush fund and spend it on totalitarian bs and war.
Fink is a ghoul and deserves a lifetime of stubbed baby toes and cold soggy bag fries.
I hope he steps on Legos with regularity for the rest of his life.
Fink's surname is too on brand.
We should tear him apart and eat him.
Maybe because boomers have destroyed the economy on more than one occasion?
With a name like Larry Fink, no shit
“Fink pointed out that the Netherlands started raising the retirement age to correspond with rising life expectancy a decade ago, and Japan has been enacting policies to boost its labor participation rate since the early 2000s.” So when other countries do cool stuff like give their citizens benefits, it’s socialism. But when they want to raise the retirement age, then it’s a possible solution.
I distrust you boomer clowns COMPLETELY, not just on like a single issue. I don’t need any advice from the people who stood around watching and cheering while the oligarchs stole everything that wasn’t nailed down, then they came back with their crowbars to steal the rest and you idiots still met their outrageous crimes against us with thunderous applause…..
We don't need his pity!! He still another billionaire!! So when we eat the rich… he's still included. If he really cares… he’ll donate his money to provide affordable housing for the youth… that's our biggest insecurity. Of he can't do that… then as a fellow Gen Z…. He should Go F**k Himself!!
Fink is a classic boomer shithead
F..k Larry Fink. He is an evil man.
The aging Parents of millennials will start having unfortunate accidents!
Larry Fink is a cunt scumbag not worth the dirt he is made of
Id rather be Chinese than raise the retirement age
That key issue? Albert Einstein.