Re: the future long term financial apocalypse of the USA

On Sat, 11 May 2024, Paul S Person wrote:

On Sat, 11 May 2024 10:54:55 +0200, D <nospam@example.net> wrote:
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On Fri, 10 May 2024, Lynn McGuire wrote:
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On 5/10/2024 1:46 PM, Scott Lurndal wrote:

Lynn McGuire <lynnmcguire5@gmail.com> writes:

For those who are interested in the future long term financial
apocalypse of the USA

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More dystopian fiction.   Talk about depressing.

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Yup, just like reality.
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USA Social Security sent me a letter the other day and said that if I wait
until I am 67 to start taking SS, they will give me $4,000/month. That is an
amazing number.  I am wondering that they are going to send a hit man
instead, much cheaper.
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Supposedly Social Security and Medicare are going to hit $2 trillion / year
each in 2030.  That is an incredible amount of money.
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Lynn

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Amazing! My local SS-organization (pun intended) expect me to work until
I'm 71! Hmm, or maybe it was 72, can't honestly say that I remember, and I
have absolutely no intention of following their guide lines. I do feel
sorry for the generation after me, they will be the ones locked into life
long slavery to the state.

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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?
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Increased longevity is one of the reasons for the problem.

I have no idea about SS since I'm not american. But from the perspective of my country, when it was started the taxes were lower, pensions better, and you could walk the streets without getting shot.
Today the taxes are doubled, the pension age increases every year, and you risk getting shot to death on the street.
Given all technological progress, and all current mismanagement, telling me that it is "fair" or "justified" because we live longer is just pure bullsh*t.
The truth is that the political class (in my country) are getting richer, their pensions are getting higher, the public sector expands, and _that_ is why regular people get the pleasure of slaving away longer for less.