Do you agree with the sentiment that retiring baby boomers are going to wreck the economy?
Do you agree with the sentiment that retiring baby boomers are going to wreck the economy?
Brayden Flores
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Jack Thompson
In the US, the old-age medical insurance program known as "Medicare" will completely wreck the federal budget by the mid-2020's, due to Boomer medical expenses. So, yes, for us at least. No one is doing ANYTHING about this, probably because most of our politicians are Boomers.
Jayden Gonzalez
>Do you agree with the sentiment
It's actually counter-factual stupidity
>that retiring baby boomers are going to wreck the economy?
So they are going to spend and spend and spend their money, but not take any existing jobs from the economy? Are you fucking kidding? That's the absolute best economic scenario ever!
Jaxon Ward
>"Medicare" will completely wreck the federal budget by the mid-2020's, due to Boomer medical expenses.
Profit-based healthcare is actually taking us there faster. We need the GOP's 1993 single payer plan.
Caleb Powell
What about when they're kept alive into their 90s using medicare provided service?
Justin Gomez
Bush made a devil's deal with the Jews never to negotiate pharma or medical care prices. That's anti-capitalistic. Once that's gone, US costs for healthcare will plummet and Medicare will be completely affordable.
Eli Roberts
>1993 single-payer plan
Details?
Luke Bell
no
infinite growth at all costs is a perfectly viable economic principle to base your nation on
as long as the numbers on the stock trading screen get bigger everything will be great
Wyatt Price
That's why I'm a NEET, I don't want to destroy my life paying for my parents' debt plus interest, social security and healthcare. If women want to work for their daddy they better work for me as well.
Leo Parker
Adrian Brown
>Once that's gone
You act like that's going to suddenly change. Who is going to change it? Trump has done nothing to control medical costs in 2 years, let alone pushing legislation to amend Medicare Part D or other laws to allow the government to negotiate drug prices.
Lincoln Price
I want to know the things you know user
Zachary Sanchez
They already sold our future to the jews I just got into an argument with my dad explaining the purchasing power change since 1913 and how currency created and backed by debt with a promise of interest is a certain economic failure he started laughing about me being unemployed so i laughed back at him and mom being wage slaves and told him consider it payment for mutilating my cock at infancy. He stopped laughing and wont engage me in politics anymore.
Lucas Moore
>So they are going to spend and spend and spend their money, but not take any existing jobs from the economy? Are you fucking kidding? That's the absolute best economic scenario ever!
And who is going to pay for their spending?
Who is going to produce the stuff that they consume? You do realize that an economy needs workers to function right?
Kayden Rodriguez
>not being employed to be out and about in the world
>not being employed to learn something valuable
>not being employed to make contacts
What are you even doing?
Carter Kelly
He must not understand that a small group cant pay for a bigger group in this circumstance
Jose Rodriguez
Colton Powell
the solution is cooked-in: as sick old boomers flood the system, not enough resources will lead to die-offs of the weak and the old!! PROFIT XDDD
Jason Hughes
There's a theory that the reason interest rates and inflation are currently so low in all western countries is because there is currently an excess amount of saving being done to fund future retirees pensions. When they start spending those saving the effect will be the reverse with high interest rates and galloping inflation.
Logan Rogers
>And who is going to pay for their spending?
They have savings, paid off a house, a retirement account and sometimes even a pension. Oh, and Social security, which they have to pay income tax on.
>Who is going to produce the stuff that they consume? You do realize that an economy needs workers to function right
The millennials and zoomers. And Mexicans. And probably nurses from the Philippines.
Easton Edwards
What a pathetic faggot
Adrian Myers
>He must not understand that a small group cant pay for a bigger group
What kind of crazy fucked up Russian-translation-to-English is this shit? The boomers created the most wealth of any generation in the US. And they have the most wealth retiring ever.
Aaron James
Not for long. Raiding of retirement accounts isnt uncommon now.
Besides all that, medicare/Medicaid is tremendously bloated and the boomer retirement wave hasnt even really started yet.
Also, retirement homes will be filling up with boomers in the not too distant future, and alot of them will have to be paid for
Jonathan Foster
>be out and about in the world
as if this is somehow inherently valuable
literally the rat race
Aaron Carter
So you just want to sit inside all day?
In my work experience i have knowledge of retail, serving, boats, HVAC, landscaping, roofing, roof coatings and construction. I have learned much, not only from the actual jobs themselves, but from people I would not have met otherwise.
NEETdom is a terrible crime perpetuated by short sighted silly people
Austin Bailey
>Implying they already haven't
Mason Anderson
>So you just want to sit inside all day?
that's what many jobs are
William Murphy
it's going to be worse because 75% of the immigrants they imported to replace them are unemployed and on welfare as well.
Cameron Walker
>Not for long. Raiding of retirement accounts isnt uncommon now
If you were an American instead of a shitty Russian, you'd know that the pension (which gets raided) is different from the 401k ((which is never raided). Boomers have over $1 trillion in 401k accounts, less than $300 billion in pensions.
>he boomer retirement wave hasnt even really started
It's almost half over already. And a significant portion of retirees still keep their businesses:
"A recent government survey shows that 15.6% of all businesses are owned by those 65 and over."
>Also, retirement homes will be filling up with boomers in the not too distant future, and alot of them will have to be paid for
Boomers have record numbers of paid off houses ($300k) to pay for their retirement homes ($200k), which they only need in the last 5 years of their lives.
Lincoln Hughes
Sounds like a lot of boomers are going to have to sell their overly inflated nest-egg real-estate that has crimpled a generation in order to stay alive for firesale prices.
> What's the issue here?
Godspeed with the day of reckoning
Leo Turner
>Sounds like a lot of boomers are going to have to sell their overly inflated nest-egg real-estate
A glut of real-estate on the market causes prices to go down. Why would anyone cry about that?
Xavier Ortiz
>If you were an American instead of a shitty Russian, you'd know that the pension (which gets raided) is different from the 401k ((which is never raided). Boomers have over $1 trillion in 401k accounts, less than $300 billion in pensions.
And how many boomers have these pensions/401ks?
>It's almost half over already.
Source me eh?
>"A recent government survey shows that 15.6% of all businesses are owned by those 65 and over."
So a minority of boomers own businesses?
>Boomers have record numbers of paid off houses ($300k) to pay for their retirement homes ($200k), which they only need in the last 5 years of their lives.
Hmm. I suppose that the potential regarding inflated real estate pricing would be a problem, but otherwise would need to see that states regarding number of boomers that own these houses and where
William Rivera
And yet they leave the house and do something at least semi productive during that time