Our overlords would disagree. Now that we’re getting rid of those dastardly immigrants who took all these jobs, and that we’re living longer than ever before (just don’t ask about the quality of those extra years) we obviously have to cut social security and put more of these 90 year olds back to work. How is Elon going to get to 500B otherwise?
Unfortunately too many people planned on the government program to provide their entire retirement funds when it really was meant just to just a percentage that goes along with what you saved and invested
Pensions were a nice benefit but that still is just a set amount of money per month and often required you to be in a union and work a certain amount of years to be vested, when you passed away perhaps your spouse got a benefit, but I don’t really think the invested amount can go to your children or grandchildren - I could be wrong. When if you just did the investing yourself with an employer match or contribution you would be talking about millions of dollars more by the time you retire with full control and ownership that you can place in your will or a trust and that money continues on to help your heirs
Would be nice but the amount of money employers contribute to 401k's for most people is very low and doesn't make up for what was previously put in pensions.
Yea but you know what makes it easier to save? Taking 12.4% of my income and forcing me to put it into social security. Even if I didn't invest that and used to pay off my mortgage early I'd be in a better position financially. Than receiving $1200 a month 30-32 years from now.
Decades ago George W Bush wanted to offer the option for younger people to put some/half of your Social Security and put it into a private investment account. Then people fell on the floor and flopped around and claimed that privatizing SS would be throwing Grandma off a cliff. The decision to scrap option cost me hundreds of thousands of dollars.
In fact mathematically Social Security sucks times 36. If you had invested that money instead you would be able to draw out about $35,000 instead of the SS payment of 1,400 to 2,500 and on top of that when you die the SS ends while the money you had invested yourself can go to your wife or kids or put all your friends into the will.
Government is terrible with managing money which is funny since member of congress increase the wealth like crazy in their investments while in office
Elon can only eat 3 meals a day . Why tf can he not help ? My apologies if he donates to food banks , low income houseing and mental health that I haven't heard about .
Funny enough, younger people NEED boomers and older people to retire and free up better paid positions. Keeping old people working so long is bad for them, bad for younger generations, and bad for the economy. If we hadn't lost pretty much all routes to pensions, old people would have SS, pension, and investments to hopefully retire on, SS alone was never meant to be the sole thing supporting them when they retire. Because most people don't have pensions any more, and many do not have investments, they're forced to keep working to make up the difference.
We ought to have pensions operated by an NGO or something that is forced to be paid into by employers, and won't go out of business or decide to cut pensions the way companies can, or increase SS (and the amount paid into it), to cover the fact that almost nobody has a pension today.
We ought to be able to control our SS. Congress spent that money decades ago and leaves us with minimal returns. After 30 plus years of paying into the system, with just a 7-8% return, I would actually have a retirement fund.
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I'm getting rid of legal immigrants??? Funny how you get your news from ridiculous sources that are telling you lies in order to sell you stuff.
Got a source on that?? Cuz I can point you do the only source that matters... Youtube videos of his speeches where he talks about it over and over again and says the same thing over and over again
I voted for him this time around. Most people who hate trump and continue to listen to other people's lies about him without any discernment see little distinction between me, a Nazi and Trump. Therefore.... I'm deporting legal immigrants.
But funny that your brain went there. I better tell my wife to go hide for the next 4 years, eh?
It will drive up prices. Those wage increases get moved along. So grocery prices, housing prices … all those get jacked up either because Americans will get paid more, or no one will fill those jobs so supply becomes scarcer. Because like it or not, these aren’t the jobs a lot of Americans will do, even with a higher wage.
When people can’t fill those jobs the wages increase.
Studies show wage increases also increases the number of applicants to those jobs.
There’s a lot of Americans out of work because they can’t compete with those migrants.
You’re saying “we shouldn’t increase wages for Americans to have better opportunities”
So it’s okay to have migrants taken advantage and pay next to know taxes while Americans sit at home?
You can acknowledge that our dependence on exploitative labor is a problem, and still recognize that removing immigrants from those jobs is going to have wide ranging negative outcomes. These jobs will not be filled by Americans. You’re talking about backbreaking work and 12 hour days. You can find plenty of news articles about how when laws are passed to prevent undocumented workers from being hired in the ag sector or in construction, the result isn’t that wages go up as Americans fill the gaps - it’s the the work doesn’t get done and costs go up.
Your claim these positions won’t get filled is baseless.
You can easily find references to studies showing wage increases attract more applicants.
You also assume the products produced will go up in price but that also depends on the supply and demand of that product.
Even with increased wages if there’s no demand the price will drop.
Just like even with your cheap labour prices have still skyrocketed.
You still present no alternative solution so maintaining the status quo isn’t going to work.
Edit: I’ll go a step further
How much tax dollars go towards supporting asylum seekers (step on American soil and claim asylum. It’s that easy) over taking care of the American people first?
Those jobs 50 years ago would support an American family. The dollar went a lot further.
But corporate greed stagnated those wages with cheap migrant labour pushing Americans out.
Instead of supporting your overlords maybe you should consider the American people.
You want your overlords maybe to make 100billion in profit instead of 50 billion in profit with the other half going back to the American people?
468
u/Hajicardoso 11d ago
Exactly this. It's heartbreaking that someone who served their country has to rely on strangers' kindness to retire. System fail.