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It has been my experience that millennials are the most entitled generation yet. They believe the world owes them. They are not willing to start at the bottom and work their way up. They think they should start out at the top.
Just a gentle reminder that Medicare and Social Security were paid for by the recipients of the benefits through a lifetime of work. Also, Medicare is not what you seem to think it is, as far as coverage and out of pocket costs go, and social security payments aren't exactly making anyone rich.
I'm sure you already knew all of that, but it seemed like you needed a reminder. Feel free to carry on with your bashing of old people.
Just a gentle reminder that Medicare recipients didn't pay anywhere near the medical coverage they are getting. Since they only paid 1.45% of their income, if you based that on $30,000 for 50 years, they would have paid less than $25,000. That is nothing compared to the amount of health coverage they receive over 20-30 years, even with copays. One heart bypass and everything they put in is gone. They are depending on those younger and still working to pay for them.
They didn't pay anything for Medicare Part D. That was a GIFT.
I have a problem with old people bashing those that are younger than they are while happily taking all the money out of their wallets. Look at this thread, all the insults lobbed at Millennials. Guess what? If they stop paying for you, you are toast.
I'm not a Millennial but I work with plenty in the tech field. They are far from unaccomplished. But go ahead, bash them. They should close their wallets, give you back that paltry $25K you put into Medicare and tell you to pound sand.
Just a gentle reminder that Medicare recipients didn't pay anywhere near the medical coverage they are getting. Since they only paid 1.45% of their income, if you based that on $30,000 for 50 years, they would have paid less than $25,000. That is nothing compared to the amount of health coverage they receive over 20-30 years, even with copays. One heart bypass and everything they put in is gone. They are depending on those younger and still working to pay for them.
They didn't pay anything for Medicare Part D. That was a GIFT.
I have a problem with old people bashing those that are younger than they are while happily taking all the money out of their wallets. Look at this thread, all the insults lobbed at Millennials. Guess what? If they stop paying for you, you are toast.
I'm not a Millennial but I work with plenty in the tech field. They are far from unaccomplished. But go ahead, bash them. They should close their wallets, give you back that paltry $25K you put into Medicare and tell you to pound sand.
I started working at 16 and the first Boomers are 69 and retiring now. Putting the word YEARS in capital letters does not make that time any further away. Boomers are retiring now and they paid precious little into Medicare and will be sucking that money up for two or three decades. They will be calling Millennials stupid and lazy, all the while using their hard money to pay for their heart bypass.
The capital letters were there to emphasize to you that the years you highlighted were the years the Boomers were born. They had nothing to do with the policies you speak of during those years. Boomers' parents during those years were the ones dealing with the burst of population.
By 1975 union membership had already declined substantially from the peak in 1955. Boomers were fully exposed to the decline in union membership - they participated in it.
The shift away from pensions had already been underway. The IRA was created in 1974, then the 401K in 1978.
The only people I know with a pension are people the age of my parents (born in the 1930s).
Reading comprehension would help you tremendously.
The $25,000 is what the average Medicare recipient likely contributed over their entire 50 years of Medicare contributions.
You are ignoring both the employee contribution and the time value of money. Of course the main thing you ignore is that most of the millennials will get their turn. My generation did not get Obamacare. Somehow we survived.
Let us get back on subject and ask what is wrong with our educational system and/or society in general.
You are ignoring both the employee contribution and the time value of money. Of course the main thing you ignore is the most of the millennialist will get their turn. My generation did not get Obamacare. Somehow we survived.
Health care costs are the highest in US history. And why should Millennial "wait their turn" if your generation thinks government involvement in health coverage is "socialism"? Why do you think you deserve Medicare Part D? What did you contribute to it? (Answer, nothing, it was completely unfunded.)
You can add time value on your contributions, you can quadruple it for all I care. $100,000 still would not go far in paying for a 65 year old's health coverage over 20 to 30 years. One heart operation and that money is gone. But I'm happy to give you that money back and let you shop for health insurance on the open market based on the 65+ age rates with the typical health issues of heart disease, high blood pressure, bad hip, etc. I'm sure those $1000 per month rates will present no issue for you.
Health care costs are the highest in US history. And why should Millennial "wait their turn" if your generation thinks government involvement in health coverage is "socialism"? Why do you think you deserve Medicare Part D? What did you contribute to it? (Answer, nothing, it was completely unfunded.)
You can add time value on your contributions, you can quadruple it for all I care. $100,000 still would not go far in paying for a 65 year old's health coverage over 20 to 30 years. One heart operation and that money is gone. But I'm happy to give you that money back and let you shop for health insurance on the open market based on the 65+ age rates with the typical health issues of heart disease, high blood pressure, bad hip, etc. I'm sure those $1000 per month rates will present no issue for you.
So you think heart bypass would still cost $100k if the most people could afford is $20k? All you've done is proved that government intervention drives up cost artificially. But republicans have told you that for ages.
True story: I didn't realize the true extent of the marshmallow generation until recently. A friend was judging a somewhat subjective "competition" for a high school. I couldn't believe that the judges were not allowed to give the kids lower than 5 (presumably of a 1-10 scale) and could only give them feedback on what they did well but could not mention anything they did not do well.
Marshmallow Generation... what a PERFECT description! Hope you don't mind if I borrow that.
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