Quote:
Originally posted by Bad_Rich_Chic
Adder has my proxy on this one, apparently, but - the simple answer is that the stock market isn't the economy as a whole. It would be surprising if the stock markets didn't grow faster than the general economy, because it makes sense that people with excess capital to invest would choose invest it in the more efficient segments of the economy.
I'm suggesting it. Fuck my parents. Compared to me, compared to our entire generation, they're rich bastards, with their pensions and their medicare. Fuck 'em. Why should the working poor - even the working sort-of-rich like us - continue to subsidize what is now the richest segment of the population? (If the money was actually going to the poor and assetless who are no longer able to work, that would be an entirely different story. But by and large, it isn't.)
And, in case you missed the memo - no other generation is gonna pay for us, boyo. Someone is getting the shaft in this mess, someone is paying twice, and, frankly, I think I've already paid out quite enough for others to get a benefit I'm never gonna see.
BR(leading the charge in the inter-generational wars to come)C
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If parents are indeed "rich", then they have investments, SS will not be something they need to survive, but something that supplements their income. This money would presumably be saved now and inherited later or given to people of our generation as gifts, so its trickling down anyway. Besides, no matter how you slice it, it is their money. They earned it. If they want to use it to buy a gold wheelchair, hey, thats their gig. Its not public money.
And pensions are not synonymous with wealth. many lower middle class folks have pensions.
All that said, I do agree with the premise that pensions are absurd. Why govt employees should get them early and with fantastic lifetime perks is beyond me. Pension obligations have totally fucked up a lot of companies. They're almost like CEO compensation - there's just no reason for so much of it.
