Steal From The Young, Give To The Old

Every few months you hear about politicians suggesting raising the retirement age for social security. But most of the time they don’t suggest raising it immediately, just for young people in the future.

Sure, screw anyone who’s less than 35 years old. Why not? That’s how modern America works, right?

Raise the retirement age for 20 somethings, but not everyone else. Prop up the price of houses so when 20 somethings go to buy their first house they have to give more than the fair market value of the house to the older person they’re buying it off of. Tax the income of productive 20 somethings in order to prop up dying old companies like GM, filled with white-haired executives and multi-decade union members who are “too old to fail”. Negotiate collective bargaining agreements so that “new hires” (young people) work under an entirely separate contract, with fewer benefits and an entirely new pay scale that pays them half as much money over their lifetime as “senior members” receive. Require 20 somethings, who will likely go 5 or 10 years without seeing a doctor, to purchase health insurance so that older people’s health-care premiums will go down. Get rid of apprentice and corporate training programs and just require young people to take out massive, life-debilitating loans in order to get the training required to work in 59% of American careers. Increase the loans we give to 20 somethings in order to get educated so that we can raise tuition rates in order to pay older professors higher salaries. Make up all kinds of licensing schemes for established professions, making entry into new fields more difficult for people who are starting out, never mind that the people already in the profession today never had to jump through such hoops and won’t ever have to because they design the system so that they get grandfathered in. Require bachelors degrees for professions that have never historically required them so that we can give some more old professors some easy, high-paying jobs. Get rid of pension benefits for new employees.

And let’s rack up the national debt, why not? It’s the 35 and under crowd who are going to have to pay it back, the 45+ plus people will be fine. Oh! And how DARE you suggest tweaking social security or medicare in order to make the national budget realistic, those old geezers EARNED those entitlements! So what if we need to place mountains of debt on their grandchildren in order to pay for them? Oh, and let’s make special tax credits for poor elderly people, but forget the poor 19 year old, he can fend for himself even though he hasn’t had a lifetime to prepare like the 65+ year old has.

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  1. Posted November 7, 2011 at 2:36 pm | Permalink

    interesting insight, this is a little startling.

  2. Win
    Posted November 8, 2011 at 8:04 am | Permalink

    uh are you intending to pay your parents back the $100,000 or so they spent raising you?
    Each generation pays for the upkeep of it’s elderly progenitors and expects the next generation to look after them when they get old. Maybe your perspective will change when you are 65.

  3. Posted November 8, 2011 at 12:08 pm | Permalink

    @win I’m ok with welfare for the impoverished old people. What I’m not ok with is forcing impoverished young people to subsidize wealthy old people, simply because they’re old.

  4. jen
    Posted November 8, 2011 at 3:10 pm | Permalink

    I agree with you 100%. It’s totally disgusting and the greed never stops. To Win; it was our parent’s choice to have kids, so keep the guilt trip… most younger people cant/wont even be able to have kids due to extreme taxes, debt and low wages. Boomers know no bounds when it comes to decency, it seems. They have rigged the system to their own advantage and literally couldn’t care less about what that means to their own grandchildren. It’s a sad state to see what the x-love generation turned into afterall.

  5. Win
    Posted November 8, 2011 at 9:48 pm | Permalink

    @Jen. So if our parents had decided not to have kids we would be where?
    I wonder if the people who lived through the great depression and two world wars complained about the old – they probably did, as has every generation since we developed speech. But they got on with it and I am very grateful to them.
    The truth is that, being human, we screw up, and in 30-40 years time the next generation will be saying what idiots this young generation were.
    I’d just like to point out that some of people are supporting both the older and the younger generation and that older workers past the age of forty, once they are laid off, are unlikely to find jobs because they are going to the younger generation.
    Also the parents usually pass their assets onto their children when they die, so a lot of the new generation will eventually be well off, just not at the moment.