| Armistead |
06-22-11 04:24 PM |
No doubt the retirement age in the US will soon be 70. I don't buy the argument that increased life-expectancy should increase retirement age.
Why we have been told we can live longer, that denies many facts. Why we are living longer, most are living longer with illness and increased disability and become poor performers. Most companies or corporations will not hire elderly. The majority of companies have away around laws to shed current older employees. Fact is most don't want an older sicker employee when they can hire a younger healthy worker for much less. Few will hire elders to keep them off their insurance roles, small business for sure. Today many older people are retiring in mass early and taking less benefit because no one will hire them. Add to that mass unemployment, just makes hiring them less likely.
The life expentancy argument is wrong and a ploy. The issue is debt. Government spends billions where it shouldn't, not where it should. We're rebuilding two nations and in another attack where we'll soon play another role nation building. It's time we care for our own.
We need to raise capital and we can only do it by raising taxes and cutting govt spending across the board. Giving corporations tax breaks thinking it will trickle down here is a joke in a global economy. Give them tax breaks, where do you think they'll invest it, simple, they'll add and build in the cheapest place law allows like India or China, the US will see no benefit from it.
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