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I notice a number of posts even here on CD where people are talking about retirement at 68 or 70.
It's a political topic in this sense. Obviously the people in control of the peons (anyone with less than about 5 million) have decided that they are for a single purpose - to be used up and then cast away.
70? The average US Male now dies at 76. Many people have painful conditions starting in their early 60's and lasting through death. So if you play the game, go to school, work your entire life, etc - maybe you get 6 years of pain and sitting in the BarcoLounger as a reward?
So the New GOP Deal is simple.....work, then die as soon as you are incapable of adding to the GDP. I guess, in a sense, this is pure capitalism. Throw them out the door when they become a liability.
It's even worse than it seems because these people generally need other family members to help them in various ways....therefore making the lives of other tougher.
People here sometimes ask WHEN were the good old days? Well, it started with a couple things....
1. Only one parent needed to work.
2. A Pension was part of the future - often granted after 25-30 years (worker is 50-55).
3. Health care was included.
BIG difference today. For anyone who wants to know why we are becoming a 2nd world country quickly - look at stats like this.
I notice a number of posts even here on CD where people are talking about retirement at 68 or 70.
It's a political topic in this sense. Obviously the people in control of the peons (anyone with less than about 5 million) have decided that they are for a single purpose - to be used up and then cast away.
70? The average US Male now dies at 76. Many people have painful conditions starting in their early 60's and lasting through death.
So the New GOP Deal is simple.....work, then die as soon as you are incapable of adding to the GDP. I guess, in a sense, this is pure capitalism. Throw them out the door when they become a liability.
It's even worse than it seems because these people generally need other family members to help them in various ways....therefore making the lives of other tougher.
People here sometimes ask WHEN were the good old days? Well, it started with a couple things....
1. Only one parent needed to work.
2. A Pension was part of the future - often granted after 25-30 years (worker is 50-55).
3. Health care was included.
BIG difference today. For anyone who wants to know why we are becoming a 2nd world country quickly - look at stats like this.
Serve your country and you can have all of those things.
Police, Fire and Military still get it all - probably a few others also.....
Of course, we'd go even broker if large numbers of people do this! There needs to be guys working at 70 at Wal-Mart and paying their taxes to PAY these ex-military and police, etc.
All these people worked for the MIC - McDonell Douglas. They made the equipment our military used. I guess that doesn't count.
"Lavern Combs, 73, works the midnight shift loading trucks for a company that delivers for Amazon. Ruby Oakley, 74, is a crossing guard. Charles Glover, 70, is a cashier at Dollar General. Willie Sells, 74, is a barber. Leon Ray, 76, buys and sells junk.
“I planned to retire years ago,” Sells says from behind his barber’s chair, where he works five days a week"
"“I thought McDonnell-Douglas was a blue-chip company — that’s what I used to tell people. ‘They’re a hip company and they’re not going to close.’ But then they left town — and here I am still working"
The GOP Congress and WH absolutely LOVE the concept of non-taxed INHERITED wealth....that's THEIR safety net. Everyone else, work until your 72 then croak. Anyone who expects to get old who votes for a Republican is simply insane.
People here sometimes ask WHEN were the good old days? Well, it started with a couple things....
1. Only one parent needed to work.
2. A Pension was part of the future - often granted after 25-30 years (worker is 50-55).
3. Health care was included.
BIG difference today. For anyone who wants to know why we are becoming a 2nd world country quickly - look at stats like this.
It's not quite this simple. You don't necessarily need a pension. Any kind of retirement fund will work and for many they prefer one that they have more control over.
Granted, more and more companies seem to be doing nothing. A 401k that the company contributes to makes sure it's still there when you are 70 even if the company is not.
You can also transfer this to a new employer which you could not do with a pension plan.
This is how you get to second world......status...
"all but a handful said their new wages were only about half of what they had been making. Typically, their pay dropped in half, from about $20 per hour to $10 per hour."
So you lose pension, health care and then work for 50% of what you were making. Now, with the tax bill, they will have to pay even more (eventually) for their Medicare. Some of them are filing bankruptcy. I guess if it made Trump rich, maybe filing will make these people wealthy too??
Keep in mind this is middle America (much of it) - a plant in OK.
Huge pensions have been what have killed companies like GM and states like Illinois. My FIL retired from GM with a huge pension at 54 and has now been retired longer than he worked.
States are going to have major problems in the future meeting their Pension obligations.
It's not quite this simple. You don't necessarily need a pension. Any kind of retirement fund will work and for many they prefer one that they have more control over.
Granted, more and more companies seem to be doing nothing. A 401k that the company contributes to makes sure it's still there when you are 70 even if the company is not.
You can also transfer this to a new employer which you could not do with a pension plan.
At $10-$15 an hour it's not simple at all. You "simply" have no money to put away, matched or not, and the math doesn't work out.
Why do you think they did it all? For your own good? That's silly thinking. They did it to save money for the corporate titans (Boeing, in this case, who took over)...and gain to one entity (in the 10's of billions) means pain to many small entities.
Simple. The Forgotten Man does not matter. Corporation do - as we saw in the tax bill.
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