Lemmee take a stab at fixing social security again:
How many retirees per worker bees should there be ??
20?
10?
5?
2?
1?
0.1?
Keep in mind, General Motors tried to make things work with 10 retirees for every worker. Each worker had to produce enough value to support 10 retirees!!
Think about that. A guy is making $25-50/hour, and has to create value of $250-500/hour. Is that fair to the worker ? Is it fair to the retiree when the whole house of cards collapses and GM goes belly up and that one worker gets shit canned along with everybody else, retirees included, until and unless taxpayers get rooked into cleaning up the mess with their checkbook?
Whatever number of workers per retiree someone thinks is appropriate, insurance underwriters can compute an average retirement age and payout from that data point. If someone doesn't want to select a number of workers per retiree, and insists on a certain retirement age and payout, they are being unrealistic, unfair and dishonest.
How many retirees per worker bees should there be ??
20?
10?
5?
2?
1?
0.1?
Keep in mind, General Motors tried to make things work with 10 retirees for every worker. Each worker had to produce enough value to support 10 retirees!!
Think about that. A guy is making $25-50/hour, and has to create value of $250-500/hour. Is that fair to the worker ? Is it fair to the retiree when the whole house of cards collapses and GM goes belly up and that one worker gets shit canned along with everybody else, retirees included, until and unless taxpayers get rooked into cleaning up the mess with their checkbook?
Whatever number of workers per retiree someone thinks is appropriate, insurance underwriters can compute an average retirement age and payout from that data point. If someone doesn't want to select a number of workers per retiree, and insists on a certain retirement age and payout, they are being unrealistic, unfair and dishonest.
The granting of a pardon is an imputation of guilt, and the acceptance a confession of it.
