Re: the future long term financial apocalypse of the USA

On Tue, 14 May 2024, Paul S Person wrote:

On Mon, 13 May 2024 12:29:17 -0700, The Horny Goat <lcraver@home.ca>
wrote:
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On Sat, 11 May 2024 08:53:23 -0700, Paul S Person
<psperson@old.netcom.invalid> wrote:
>

You do realize that, when Social Security started, the average life
expectancy was such that those eligible for it were "locked into life
long slavery to the state", right?
>

When Otto von Bismarck invented the old age pension the average male
life expectancy was 69 so on average pensioners lasted 4 years.
Obviously life expectancy is much longer now.

>
Exactly. As health and longevity improve, retirement age must rise to
keep the finances under control. Which means people must work longer.
Which is very ... tiresome.

No, you can change the assumptions, funding, or invest the money more wisely. What you are saying is just tired platitudes from politicians who are funded by the tax payers seeking the easy way out.
Modern citizens in western european countries are nothing more but wage slaves who exist to feed the public sector.
I think the most sustainable way forward is to abolish social security and let everyone take care of themselves.

As for $4k per month, I was notified my entitlement was $1600/mo and
that was Canuck bucks too....

>
Different systems, different rules.
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